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BNI, BRI and Bank Mandiri give "Working Capital Loan" Rp 20 trillion to PLN

PT PLN Persero
PT Perusahaan Listrik Negara (Persero) obtained additional Working Capital Loan (KMK) bailout subsidies in 2016 amounted to a maximum of Rp 20 trillion.
In addition, the company also secured a loan for an investment credit worth a maximum of Rp 12 trillion.

Financial support is provided to meet the investment needs of electricity homeland and strengthening cash flow PLN primary energy-related payments.

The loan agreement was signed PLN President Director Sofyan Basir, President Director Achmad Baiquni BNL, Asmawi Syam Director of BRI and Bank Mandiri president director Kartika Wirjoatmodjo witnessed SOE Minister Rini Soemarno.
The plan, loans from three banks Syndicate this state will be used to fund projects investasr generation, transmission, distribution and facilities.
"While the WCL upsize from Rp 15 trillion to Rp 20 trillion used to strengthen cash flow PLN related working capital requirement for the payment of primary energy," wrote PLN in an official statement on Friday (09/09/2016).
In the syndicated loan agreement, each bank will give you a credit limit with a maximum value of Rp 4 trillion.
This loan tenor for 10 years. With the agreement, expected to process pembauigunan generation, transmission, distribution and supporting facilities can be accelerated, especially to support the program of 35,000 MW in the next five years.

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