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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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PLN secures 65% of financing for first 10,000 MW program

  • Alfian

    The Jakarta Post

Jakarta | Sat, January 31 2009 | 01:20 pm

PREMIUM State utility company PT PLN concluded Friday a Rp 4.30 trillion (US$378.27 million) loan deal from domestic banks to finance five coal-fired power plants, which are part of the company's first 10,000 megawatt (MW) crash program. The deal means the power company has now secured around 65 percent of the total financing needed for the crash program, which covers the construction of 35 power pla...