The ADB financing package totaled USD$40.2 million to four subsidiaries of Vena Energy. Sengkol (ADB) is providing a $40 million financing package for four photovoltaic (PV) plants with a capacity of 21 MW in Indonesia . The country hopes to boost renewable energy generation to 23% of overall energy capacity by 2025 . The Vena Energy investment handed to four subsidiaries of Vena Energy , Asia 's largest independent power producer, will fund a 21 MW PV plant in Likupang , North Sulawesi , and three 7 MW sites in Pringgabaya , North Sulawesi and Sengkol , all in Lombok , West Nusa Tenggara . All will supply energy to Indonesia 's national power utility company, Perusahaan Listrik Negara .
Sengkol (ADB) is providing a $40 million financing package for four photovoltaic (PV) plants with a capacity of 21 MW in Indonesia . The country hopes to boost renewable energy generation to 23% of overall energy capacity by 2025 . The Vena Energy investment handed to four subsidiaries of Vena Energy , Asia 's largest independent power producer, will fund a 21 MW PV plant in Likupang , North Sulawesi , and three 7 MW sites in Pringgabaya , North Sulawesi and Sengkol , all in Lombok , West Nusa Tenggara . All will supply energy to Indonesia 's national power utility company, Perusahaan Listrik Negara .