WIKA may use Chinese loans to build power plants

State-run builder Wijaya Karya (WIKA) has said that it would use loans in the pipeline from China Development Bank (CDB) to fund US$6 billion power plant projects in Java.

WIKA corporate secretary Suradi told The Jakarta Post over the phone that his company would likely request a credit facility to finance the development of the Java 5 and Java 7 coal-fired power plants, each of which will have the capacity to produce 2 x 1,000 megawatt (MW) of electricity, in Banten.

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Posted September 19, 2015 by repit in News

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