Project Financing for Jawa 1 Gas-to-Power Project in Indonesia : First Project Financing to Support Japanese Companies Participating in Gas-to-Power Project in Asia: Flagship Project of the newly launched QI-ESG
(WorldNews Japan)

The Japan Bank for International Cooperation (JBIC; Governor: Tadashi Maeda) signed on October 18 a loan agreement for project finance*1 amounting up to approximately USD604 million (JBIC portion) with PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR) for the Jawa 1 Gas-to-Power Project in Indonesia. The project financing is provided as part of JBIC`s newly launched Global Facility to Promote Quality Infrastructure Investment for Environmental Preservation and Sustainable Growth (QI-ESG*2). Both JSP and JSR are Indonesian companies: the former invested in by Marubeni Corporation, Sojitz Corporation and PT. Pertamina (Persero), the state energy company of Indonesia; the latter by Marubeni...