World Bank approves $500 million to modernize Indonesia’s grid
The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable energy and accelerate the digitalisation of Indonesia’s grid. Indonesia’s rising electricity demand has so far been met mainly through fossil fuels. With the country targeting high-income status by 2045 and net-zero emissions by 2060, the government aims to strengthen electricity…