The Geothermal Power Generation Project that will help increase Indonesia’s geothermal power generation capacity by 110 megawatts was approved on 28 May 2020. The $300 million loan will finance the construction and commissioning of two geothermal plants at Dieng in Central Java and Patuha in West Java by GDE, a state-owned enterprise focused on geothermal exploration, development, and power generation. The project team is led by SEEN’s Shannon Cowlin. From the nonsovereign side, the ARM: Electric Networks of Armenia (ENA) CJSC - COVID-19 Working Capital Support Project was also approved on the same day. The $20 million loan will provide short-term working capital debt to ENA whose nationwide service mandate is critical to be sustained. ENA has had to deal with some level of financial stress caused by delayed payments of electricity bills due to COVID-19. The project team is led by PSIF1’s Wolfgang Pocheim.