BNI leads Lahat power financing

State-owned bank BNI has been appointed as leader of a syndication to finance coal-fired power plant project developed by PT Priamanaya Energi in Lahat, South Sumatra. 

BNI will arrange a US$230 million financing for the 2x125 MW power plant to be built at a Lahat mine mouth. The power plant is scheduled for commercial operation in 2012. According to director general for electricity, J. Purwono, the project is part of the second 10,000 MW power program.

PT Priamanaya Energi is a subsidiary of PT Priamanaya Djan International, a company controlled by businessman and politician Djan Faridz. Faridz is an elected member of Regional Representative Council (DPD) to be a representative of Jakarta people in DPD. Member of DPD is also a member of People's Consultative Assembly (MPR), the highest legislation body in Indonesia.

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