Japan will stop providing loans for two key coal-fired power plant projects in Indonesia and Bangladesh, citing its commitment to phase out coal power plants in line with the Group of Seven (G–7) nations.
The two projects involved the Indramayu coal plant in Indonesia and the Matarbari coal plant in Bangladesh.
Japan’s Foreign Ministry Press Secretary Hikariko Ono said on June 22 that Japan has decided to stop financing the Indramayu coal plant due to the Indonesian government’s decision to abandon the project.
Indonesian state-owned electricity company PLN, which operates the Indramayu power station, said that it would cancel the project to meet the country’s goal of becoming carbon neutral by 2060….