JAKARTA (Indonesia Today) – PT Bank Panin Tbk (PNBN) disbursed Rp392.5 billion and US$25 million of credit facility to PT Cahaya Fajar Kaltim to support expansion of Embalut Steam Power Plant (PLTU).
The credit disbursement is the second one after the bank gave Rp410 billion of similar facility last year to support the 2x25MW Embalut PLTU.
The new facility has 11 years of tenor with unknown interest rate.
The 60MW Embalut Expansion is scheduled for Commercial Operation Date (COD) by late 2014 and may supply 381GWh per annum.