PLN Seeks Foreign Loan

State-owned power company PT PLN will be seeing a loan from bank or other financing institution as backup funds. The decision was made following the postponed ratification of the State Capital Participation in the 2016 State Budget Draft.

PLN president director Sofyan Basir said a number of institutions that have offered the loan include the China Development Bank, the KfW Development Bank, and Japan Bank for International Corporation (JBIC).

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Posted November 5, 2015 by repit in News

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