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Indika Energy in The News

09/03/2010 - JBIC Provides Project Finance and Political Risk Guarantee for Cirebon Thermal Power Plant Project - Antara

http://www.antara.co.id/en/news/1268057643/jbic-provides-project-finance-and-political-risk-guarantee-for-cirebon-thermal-power-plant-project-i

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The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe) signed today a project financing loan agreement with P.T. Cirebon Electric Power (P.T. CEP), an Indonesian company in which Marubeni Corporation (Marubeni) has equity stakes, to fund the Cirebon thermal power plant project (Cirebon Project). The overall loan amount totaling up to 595 million US dollarswill be provided in cofinancing with private sector banks, including the Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Banking Corporation, the Tokyo Branch of ING Bank N.V., and the Export-Import Bank of Korea (Korea Eximbank), with JBIC and Korea Eximbank providing a political risk guarantee for the cofinanced portion"

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