ID :
25812
Tue, 10/21/2008 - 18:11
Auther :
Shortlink :
http://m.oananews.org//node/25812
The shortlink copeid
PERTAMINA SEEKING $200 M IN LOANS TO FINANCE GEOTHERMAL POWER PROJECTS
Jakarta, Oct 21 (ANTARA) - State oil and gas company Pertamina is seeking US$200 million in loans to finance the development of at least six geothermal power plants, its geothermal energy director said.
"A number of banks and non-bank financial institutions have expressed interest in financing the projects, including the World Bank, and the Asian Development Bank," Abadi Poernomo said prior to a symposium on geothermal energy here on Tuesday.
But because of the current global financial crisis, Pertamina had reviewed the amount of loans needed to finance the projects, he said.
"So far we have financed our projects using our own funds," he said.
The six geothermal power plants are Kamojang, Lahendong, Sibayak, Ulubelu, Lumut Balai and Hulub Lais geothermal power plants.
He said the six projects were part of the company's plan to develop geothermal power plants with a combined capacity of 1,092 mw until 2014.
"A number of banks and non-bank financial institutions have expressed interest in financing the projects, including the World Bank, and the Asian Development Bank," Abadi Poernomo said prior to a symposium on geothermal energy here on Tuesday.
But because of the current global financial crisis, Pertamina had reviewed the amount of loans needed to finance the projects, he said.
"So far we have financed our projects using our own funds," he said.
The six geothermal power plants are Kamojang, Lahendong, Sibayak, Ulubelu, Lumut Balai and Hulub Lais geothermal power plants.
He said the six projects were part of the company's plan to develop geothermal power plants with a combined capacity of 1,092 mw until 2014.
