The World Bank has approved a US$640 million loan to assist with the development of the Upper Cisokan pumped-storage hydropower project in Indonesia.
Construction of the hydropower project, to be constructed near Bandung, West Java, is expected to be completed in 2016 at a total cost of US$800 million, reports indicate.
Indonesia's state owned electricity company, PLN, will provide the remaining project cost of US$160 million, media reports indicate.
The Upper Cisokan hydropower project includes construction of a dam and 1,040-MW hydro plant at the catchment of the Upper Cisokan River.
In other pumped-storage hydropower news, the second unit of Ukraine's Dnister pumped-storage project is on schedule for operation in 2012.
Dnister will be one of the largest pumped-storage hydro projects in the world. The hydro plant will have an electric output of 2,268 MW in generating mode and 2,947 MW in pumping mode.
Officials said construction of the hydro project is going as planned and that project deadlines will be met, Ukraine media reported.
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