WASHINGTON, May 26, 2011 - The World Bank’s Board of Executive Directors today approved the following project:  IBRD Loan: US$640 million Terms: Maturity = 24.5 years; Grace = 9 years Project ID: P112158  Project Description: The objective of the project is to significantly increase the peaking capacity of the power generation system in Java-Bali in an environmentally and socially sustainable way. The funding will also strengthen the institutional capacity of the project implementing entity Perusahaan Listrik Negara in hydropower planning, development and operation.  Contact: Mohamad Al-Arief (202) 458-5964 malarief@worldbank.org  For more project information, please visit here. |
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