Page 8 - AsiaElec Week 47
P. 8
AsiaElec TITLE TOP (WITHOUT NUMBER) AsiaElec
invest funds and use its digital assets to enhance partnership funding.
operations. Enel said the strategy would drive the deploy-
Its smaller stewardship approach will see the ment of around 5,500 electric buses by 2030, with
company use its digital platforms to attract joint the company boasting 10.6GW of demand-re-
investment from third-party companies. sponse capacity and 527mW of energy storage
In order to develop this stewardship strategy, facilities while reducing its direct CO2 emissions
Enel said it would invest €10bn of its own funds by 80% from their 2017 levels.
until 2030 to leverage €30bn of outside invest- “With this new strategic plan we are setting
ment in renewables, e-mobility, fibre broadband a direction for the next 10 years, mobilising
and energy grid flexibility. €190bn in investments to pursue our goals in
Over the next two years Enel will invest an a decade full of opportunities,” said Enel CEO
initial €2bn of this funding to attract €8bn of Francesco Starace.
ADB approves $600mn green
loan for Indonesia’s PLN
INDONESIA
THE Asian Development Bank (ADB) has regions of Kalimantan, Maluku and Papua. The
agreed to lend $600mn to Indonesian state util- first phase of the programme began in 2017 and
ity Perusahaan Listrikk Negara (PLN) to expand covered eight provinces in Sulawesi and Nusa
electricity access and promote renewable energy. Tenggara.
The loan is part of the second phase of an Indonesia’s government aims to have 23%
electricity grid development programme cover- of energy coming from renewable sources by
ing the outer regions of Kalimantan, Maluku and 2025, up from around 9% in July, but progress
Papua in the east of the country, which began in on renewable projects has been slow.
2017, Reuters reported. The country has over 400GW of potential
“The programme will increase PLN’s deliv- capacity for sources such as hydropower, solar
ery of electricity powered by renewable energy and geothermal, but only around 2.5% has been
to remote communities by six-fold and reduce utilised, according to government data.
indoor kerosene and wood consumption, which It hopes to simplify pricing for electricity
is expected to generate significant environmen- from renewables to encourage more investment
tal and social benefits,” ADB Energy specialist in the sector.
Diana Connett said in a statement. The grant from the Asia Clean Energy
The programme also includes two grants, Fund will help renewable energy plants apply
at $3mn each, from the Japan Fund for Poverty advanced technologies to improve system design
Reduction and the Asia Clean Energy Fund. and maintenance. The Japan Fund for Poverty
The second phase of the Sustainable Energy Reduction grant will support measures to install
Access in Eastern Indonesia-Electricity Grid power connections for poor households and
Development Programme supports efforts by help PLN conduct a longitudinal social and gen-
PLN to expand electricity access and improve der impact assessment.
service reliability in nine provinces in the outer
P8 www. NEWSBASE .com Week 47 25•November•2020
