Adaro Secures $540m Loan for S. Kalimantan Power Project

Adaro Energy, Indonesia’s second-largest listed coal miner, and its South Korean partner Korea East-West Power have secured $540 million in financing from five banks for a coal-fired power plant project in South Kalimantan.

DBS Bank, Mitsubishi UFJ Financial, HSBC, Mizuho Bank and Sumitomo Mitsui Banking formed a syndication to provide $400 million of the loan guaranteed by Korean Trade Insurance Corporation. Korean Development Bank provided the remainder.

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Posted October 9, 2015 by repit in News

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