PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) has agreed financing facility to PT PLN (Persero) (“PLN”) to develop Riau Tenayan power plant with a capacity of 2×110 MW. The signing of the agreement was held in Jakarta (12/11). President Director of PT SMI Emma Sri Martini and CEO of PLN Soyfan Basir attended the signing ceremony. PT SMI will provide Rp 400 billion with a tenor of 10 years. This credit is part of a syndicate of eight financial institutions with total Rp2.25 trillion. Riau Tenayan power plant project is one of the Fast Track program’s first phase. The government has guaranteed this project with a Letter of Guarantee.
More information here.