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IFC and Asia Green to Develop Southeast Asian Clean Power Plants

May 9 (Bloomberg) -- International Finance Corp., the World Bank’s private-sector financing arm, will work with Asia Green Capital Pte Ltd. to develop clean-energy projects in Southeast Asia.

IFC InfraVentures and Asia Green’s first project will be the development of a 62.5-megawatt wind farm in Indonesia, the companies said today in an e-mailed statement. Thereafter they will develop a series of wind and solar power plants in Indonesia and other Southeast Asian markets.

About 30 percent of the population of Indonesia lack access to power, according to the statement.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Alex Devine, Randall Hackley

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