Eximbank loan to finance Indonesian hydroelectric plant

Home > Business > Finance

print dictionary print

Eximbank loan to finance Indonesian hydroelectric plant

The state-run Export-Import Bank of Korea (Eximbank) said yesterday it has signed a deal to provide a $131 million loan to an Indonesian hydroelectric power plant project as part of its drive to step up green growth financing. Eximbank will be the sole project financing loan provider for the $174 million project to build a 45-megawatt hydroelectric power plant in Wampu, Indonesia, the policy lender said.

Two Korean firms, Posco Engineering and Korea Midland Power, will take part in the construction, set to be completed in July 2014. The two companies are slated to run the plant along with Indonesia’s PT Mega Power Mandiri for 30 years.


Yonhap

More in Finance

Banks failed to tell borrowers they can demand rate cuts: FSS report

Stocks fall more than 1% as profit-taking continues

Profit-taking ends four-session winning streak for Kospi

Lottery sales hit record in the first half

Another recent high

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now