Tuesday, 23 October 2018

Japanese consortium lends $1.31bn to LNG power project in Indonesia

A banking consortium led by JBIC, the state-owned Japan Bank for International Cooperation, has agreed to lend US$1.31 billion for a LNG-fuelled power generation project on the Indonesian island of Java. With a capacity of 1,760 MW, the power station will build and operated by Marubeni, Sojitz and Persero, while LNG supply will be arranged by Mitsui O.S.K. Lines. Start-up is scheduled for 2021.

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