Indonesia Looks To Foreign Loans To Support Electricity Projects

Regional newswires including Vietnam Plus are reporting that PLN, Indonesia’s state electricity company, has said it will begin to mobilise funds from foreign resources as it will need an investment of approximately USD 4.7-billion per year until 2030 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.

 

Source: Vietnam Plus

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