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Kalla Group signs MOU with PLN
A business group belonging to former vice president Jusuf Kalla, PT Kerinci Merangin Hidro, has signed a memorandum of understanding (MOU) with state-owned State Electricity Company (PLN) for the purchase of electricity from the Merangin hydropower plant (PLTA) in Jambi
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business group belonging to former vice president Jusuf Kalla, PT Kerinci Merangin Hidro, has signed a memorandum of understanding (MOU) with state-owned State Electricity Company (PLN) for the purchase of electricity from the Merangin hydropower plant (PLTA) in Jambi.
The power plant is designed to have a capacity of 350 MegaWatts (MW) and is located in the Kerinci regency in Jambi. The power source will come from the nearby Kerinci Lake and will operated by PT Kerinci Merangin Hidro.
The project was initially planned to commence in 2010.
PLN president director Nur Pamudji said that his company had utilized a new approach to guarantee electricity supplies provided by private parties by inviting banks get involved from the initial phase of negotiations.
'With this new approach, private electricity projects are expected to achieve the financial close phase sooner,' Nur Pamudji said as quoted by Kontan.co.id.
