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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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PLN secures Rp 7.5 trillion loan from PIP

  • The Jakarta Post

| Wed, December 14 2011 | 09:43 am

PREMIUM JAKARTA: State power company PT PLN received a Rp 7.5 trillion soft loan from the state investment agency PIP with a tenure of 15 years and interest of 5.25 percent.

PLN president director Nur Pamudji revealed that his company would use the loan to close the financing gap caused by procurements and the replacement of transformers, the strengthening of installations, transmission and distrib...