Indonesia signs US$615 power plant loan with China's Export-Import Bank
(Jakarta Post, Jakarta, 31 January 2008) As thousands of its workers were staging a rally opposing a restructuring plan, state electricity firm PT PLN signed Wednesday a loan agreement worth US$615 million with China Exim Bank to finance the construction of two power plants in Java. The loans will be insured by Sinosure, the Chinese Export Credit Agency, and backed by a full guarantee by the Indonesian Finance Ministry.