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Jakarta Post

$3.3b power plant project gets state guarantee

  • Rangga D. Fadillah

    The Jakarta Post

Jakarta   /   Tue, January 18 2011   /  10:08 am

PT Penjaminan Infrastruktur Indonesia (PII), a government-sponsored infrastructure financing guarantee agency, will soon provide a guarantee for the construction of a Rp 30 trillion (US$3.3 billion) power plant in Central Java, the company’s executive said.

PII president director Sinthya Roesly said in Jakarta that the decision was made after the government issued the 2010 presidential decree on the financing guarantee for infrastructure projects conducted under the public-private partnership scheme.

Sinthya praised the government for issuing the presidential decree, saying that such a step would be a big leap to accelerate vital infrastructure developments in the country. “The ground rule will enable us to start guaranteeing infrastructure projects, including the PLTU Jawa Tengah coal-fired power plant with a total capacity of 2 times 1,000 megawatts in Central Java,...