PLN Enlists HSBC for Help in Mine-Mouth Coal Plant Projects

State electricity company Perusahaan Listrik Negara has appointed HSBC as a transaction adviser for two mine-mouth power plant projects in South Sumatra worth a combined $2 billion.

Mine-mouth power plants are normally built adjacent to a coal mine that is the source of its fuel, largely eliminating transportation costs.

PLN president director Nur Pamudji and HSBC Indonesia’s head of global banking Rajeev Babel signed the cooperation agreement in Jakarta on Tuesday. HSBC will assist PLN in preparing the legal, technical, economic and financial aspects of the development project.

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Posted July 30, 2012 by repit in News

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