PLN secures Rp 12t syndicated loan to finance electricity projects
The Jakarta Post
State-owned electricity firm PLN has secured a Rp 12 trillion (US$916 million) syndicated loan to finance electricity projects.
The company obtained the loan from state-owned lenders Bank Mandiri, Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI) in an agreement signed in Jakarta.
“The syndicated loan aims to support the government’s 35,000 megawatt electricity program,” PLN spokesperson Agung Murdifi said in an official statement on Friday.
The agreement says each lender will disburse Rp 4 trillion with a tenure of 10 years, he explained.
The loan, Agung further said, will be used to finance power plant development, transmission network, distribution system and other supporting facilities. (rez/ags)
You might also like :
- Popular tourist sites in Bali safe amid tremors around Mount Agung
- Entrepreneur wants to put Indonesia on the world technology map
- 'Super malaria' spreading through SE Asia, poses global threat
- Bill Gates expresses regret over ‘Control+Alt+Delete’ button
- Court dismisses KPK’s objection in Setya’s pretrial hearing
- Mamma Mia! British star Colin Firth is now Italian
- Tourism minister officiates new diving center in Tanjung Lesung
- Car Free Day ineffective in reducing air pollution: Committee
- Travel fair to boost Garuda’s business
- Supermodel reunion at blockbuster Versace tribute in Milan