Germany's state development bank, Kreditanstalt für Wiederaufbau (KfW), has allocated $1.26 billion (EUR 1.2 billion) to support Indonesia's green energy initiatives. The funding, formalized through a memorandum of understanding with PT PLN (Persero), aims to accelerate the development of renewable energy infrastructure, including pumped-storage hydroelectric power plants and transmission networks. PLN President Director Darmawan Prasodjo
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