World Bank approves loan for the Cisokanpumped storage hydro project in Indonesia

The World Bank has approved a $380 million loan for the development of the Cisokan hydro power project in Indonesia.

The power plant will be constructed on the Cisokan River located between Jakarta and Bandung and will have a capacity of 1,040 MW.The hydro power plant project is the first pumped storage hydro power plant in the country. Once operational, the plant will add power generation capacity to meet peak load demand, provide storage capacity to enable greater output of renewable energy (RE), and relieve stress on the transmission network.The Java-Bali electricity grid provides energy for 70 per cent of Indonesia’s population. Currently, more than 80 per cent of the electricity generated for the grid comes from fossil fuels.