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Jakarta Post

JBIC to finance two power plant projects

  • Rangga D. Fadillah

    The Jakarta Post

Jakarta   /   Wed, April 13 2011   /  11:09 am

The Japan Bank for International Cooperation (JBIC) said Tuesday it was ready to finance two power plants in Central Java and North Sumatra with a total value of more than US$1 billion.

JBIC executive director Fumio Hoshi told reporters project funding negotiations had reached the final stage and he expected the tender process would complete in the near future.

“Presently there is a tender for Central Java’s super critical coal-fired power plant project. [The winner will be announced next month]. We are also working on the Salula geothermal power plant in North Sumatra,” he said at the Indonesia International Infrastructure Conference and Exhibition 2011.

JBIC might also finance other geothermal power plant projects in Sumatra, Hoshi revealed.

“I know that two Japanese companies have identified four geothermal areas. They will be independent power pro...