Central Java Coal Plant to Be Backed by Loan From China

China Development Bank, a Chinese state-owned lender, on Wednesday inked a deal to bankroll Indonesian power producer Sumber Segara Primadaya’s plan to build a coal-fired plant in Central Java.

The funding for the plant, to be built in Cilacap with a total capacity of 614 megawatts, is the latest sign of interest in Indonesia’s economy from China.

Muhammad Rasul, the president director of Sumber Segara, said on Wednesday that the project would be financed through a $700 million loan from China Development Bank, as well as internal cash.

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Posted April 4, 2013 by repit in News

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