Indonesia, ADB join hands for first coal power plant retirement deal

Indonesia, ADB join hands for first coal power plant retirement deal

file photo: A man's shadow casts over the logos of the Asian Development Bank (ADB)'s annual general meeting at the site in Yokohama, south of Tokyo, Japan May 4, 2017. REUTERS/Issei Kato

Indonesia, the Asian Development Bank and a private power firm are teaming up to refinance and prematurely retire a coal-fired power plant, the first such project under a groundbreaking carbon emissions reduction programme, they announced on Monday.