PLN president and director Nur Pramudji told tribunnews.com that the 1x47MW power plant will receive syndicated loans from Japanese Bank for International Cooperation (JBIC) and Mizhuo Bank Tokyo.
"We can carry out the project without security from the government. It means that we have seen significant progress in Indonesia’s electricity development.
"Without direct involvement from the central government, we hope that in the future we will see similar schemes being implemented in more electricity projects."
About 75% of the investment needed for the plant construction will come from loans from Japan.
The plant is scheduled to begin operations in May 2017, reports The Jakarta Post.
