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Jakarta Post

PLN secures final financing needed for first 10,000 MW power plant crash program

  • Aditya Suharmoko

    The Jakarta Post

Jakarta   /   Tue, December 15 2009   /  12:45 pm

State power utility PT PLN has secured all the financing needed to finalize construction of power plants under the government’s first 10,000 megawatt (MW) fast-track program, paving the way for completion by 2013 as scheduled.Helping hand: State power utility PT PLN president director Fahmi Mochtar (right) shakes hands with Finance Minister Sri Mulyani Indrawati during the signing of loan agreements between PLN, four state banks and the Bank of China at the Finance Ministry Monday. PLN plans to use the loans to complete financing of the 10,000 megawatt (MW) fast-track power program. JP/R. Berto Wedhatama“The commitments [for financing the power plants] are now secured. Mission accomplished,” PLN vice president director Rudiantara said Monday at the Finance Ministry after PLN signed six loan agreements with various banks to finance power plants and transmission projects.He said the...