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US Announces USD126 Million Commitment for Geothermal Project in East Java

Economics editor Wahyu Dwi Anggoro
27/05/2024 09:56 WIB
The United States International Development Finance Corporation’s (DFC) Deputy Chief Executive Officer (DCEO) Nisha Biswal has announced.
US Announces USD126 Million Commitment for Geothermal Project in East Java. (Foto: State Dept)
US Announces USD126 Million Commitment for Geothermal Project in East Java. (Foto: State Dept)

The project represents the latest example of Indonesia’s engagement with the US Government across several critical sectors, including financing for infrastructure and renewable energy, and support for small businesses – all in service of advancing top Indonesian priorities at home and throughout the region.

In November 2023, DFC announced USD131 million in new investments in small businesses and women’s economic empowerment in Indonesia.

DFC’s goal of advancing private sector investments in Indonesia supports the US-Indonesia Comprehensive Strategic Partnership and aligns with several of the US Government’s priorities, including the Indo-Pacific Strategy, the Indo-Pacific Economic Framework, and the Partnership for Global Infrastructure and Investment, as well as Indonesia’s JETP. (WHY)

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