INTERNASIONAL NASIONAL

Sabtu, 10 Mei 2008

PLN and Bank of China to Sign Loan Agreement

PT PLN and Bank of China will sign a loan agreement valued at $592.2 million to finance a coal-fired power plant project of the state electricity company, Antara reported Tuesday.

The agreement will be signed in Beijing on April 28, said Yogo Pratomo, chairman of the team for the acceleration of implementation of PLN's crash program.

Bank of China will provide foreign exchange financing for the Indramayu coal fired power plant project, Pratomo said.

PLTU Indramayu is part of the crash program to build coal-fired power plants with a total capacity of 10,000 MW to be completed before 2010.

Earlier PLN signed a similar agreement with China Exim Bank, which will provide a total loan of $615.1 million for PLTU Suralaya in Banten and PLTU Paiton in East Java.

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