Hydro Plant In Indonesia Gets $330M Refinancing

Law360, New York (January 31, 2012, 3:00 PM EST) -- Indonesian power producer PT Bajradaya Sentranusa and Chinese engineering firm China Huadian Corp. have secured a $330.6 million refinancing for the Asahan 1 Hydroelectric Power Plant in North Sumatra through Malayan Banking Bhd., the Malaysian financial services company said Monday.

The 10-year, dual-currency credit facility from Malaysian Banking, known as Maybank, will be used to acquire the outstanding project loans for the construction of the 180 megawatt hydroelectric plant.

“We are pleased to have reached this milestone despite the general uncertainty in global financial markets,” Husni...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.