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17 Mar 2019

Jakarta Post

Indonesia: Bank of China to evaluate Batang Toru hydropower project to promote green finance, fulfill social responsibility

"Bank of China to evaluate Batang Toru hydropower plant project", 14 March 2019

Bank of China has said it will evaluate its funding commitment to the Batang Toru hydropower plant project in North Sumatra amid environmental concerns.

“Bank of China will evaluate the project very carefully and make prudent decisions by duly considering the promotion of green finance, fulfilment of social responsibility as well as the adherence to commercial principles,” the bank said in a statement posted on its website.

“We attach great importance to corporate social responsibility in our global operations and ensure that our business activities abide by local laws and regulations. We are committed to supporting environmental protection globally and upholding the principles of green finance.”

Environmentalists have expressed their appreciation to the response and decision made by the Medan State Administrative Court (PTUN Medan) over a lawsuit submitted by the Indonesian Forum for the Environment (Walhi)....