Indonesia's PLN secures $118 million loan

摘要

Indonesia's state-owned power utility Perusahaan Listrik Negara has secured loans totaling Rupiah 1.067 trillion ($118 million) from a consortium of four local banks to continue building power capacity, a senior official said late December 27. "The loans will be used to finance transmission projects in Java island under the 10,000 MW power plants project," the president director of PLN Dahlan Iskan said, adding that the fast-track project could save Rupiah 3 trillion/year as PLN switches to coal from fuel oil.