Indonesia eyes foreign loans to support electricity projects
 |
| Illustrative image (Photo: Okezone) |
Jakarta – Indonesia’s State Electricity Company PLN has said that it will mobilise funding from foreign resources, given that it needs an investment of around 72 trillion ringgit (4.7 billion USD) per year until 2030 in order to support electricity projects.
PLN Vice President in charge of Financial Institutions and Market Research Maya Rani Puspita said that the external funding support is in the form of State Capital Participation (PMN) of the government or through loans.
To date, several options for loan schemes that have been carried out by PLN include two-step loans or forwarding loans from the government.
Maya explained that two-step loans are a funding scheme with loans made on a Government-to-Government basis which will then be lent by the government to the PLN.
In addition, the PLN also has loans with direct lending schemes from within and outside the country, both with or without government guarantees.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Singapore cracks down on illegal lending operations (November 26, 2024 | 09:25)
- Cambodian King to pay state visit to Vietnam (November 26, 2024 | 09:13)
- Trump claims 'magnificent' victory over Harris (November 06, 2024 | 16:55)
- Trump at 266 electoral votes, Harris at 195: US media (November 06, 2024 | 14:30)
- Trump on verge of victory over Harris (November 06, 2024 | 14:26)
- Tech companies invest in data centres in Thailand (November 04, 2024 | 16:23)
- Thailand seeks to promote digital training (November 04, 2024 | 16:14)
- Indonesia attracts foreign investment in technology sector (November 04, 2024 | 16:08)
- Tropical storm Trami leaves at least 24 people dead in Philippines (October 24, 2024 | 17:36)
- Singapore grants conditional approval for solar power import from Australia (October 24, 2024 | 17:27)
Latest News
Mobile Version