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EXIM Bank provides loan to Indonesia power plant construction

All News 14:47 April 18, 2017

SEOUL, April 18 (Yonhap) -- The Export-Import Bank of Korea said Tuesday it will provide US$520 million in a project financing loan for the construction of a power plant in Indonesia.

Indonesia is building the 1,000-megawatt coal-fired power plant in Cirebon, a port city on Java Island. The Korea Midland Power Co. and Samtan Co. of South Korea are part of the consortium in the 25-year build-transfer-operate (BTO) project.

The state-run policy bank previously has extended $570 million in loans to four separate power plant constructions in Indonesia.

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