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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Geo Dipa secures $103 million loan for Patuha project

  • Alfian

    The Jakarta Post

Jakarta | Wed, September 30 2009 | 01:17 pm

PREMIUM Geothermal power producer PT Geo Dipa Energi has secured a US$103 million loan from state-owned PT Bank Negara Indonesia (BNI) to develop a 55-megawatt (MW) geothermal power plant in Mount Patuha, West Java. The loan will mature in 11 years, and has a 36-month grace period, Geo Dipa president director Praktimia Semiawan said Tuesday after a ceremony to sign the loan. "We'll use the money...