Indonesia delays closing on controversial Japan-funded power plant

The Indonesian government has pushed back the deadline for getting financial support from an Indonesia-Japan consortium for a controversial $4 billion thermal power plant project by one week while it works to finalize negotiations on land acquisition, a government official said Tuesday.

“The financial closing has been extended by one week as we are in the process of finalizing the negotiations between PLN (the State Electricity Company) and PT BPI,” Luky Eko Wuryanto, deputy minister for infrastructure and regional planning at the Office of the Coordinating Minister for the Economy, told Kyodo News without elaboration.

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Posted October 13, 2014 by repit in News

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