Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=948553
Published: May 10, 2013
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2013/5/10/business/13091752&sec=business
Published: May 10, 2013
ADISSADIKIN (kanan) bersama Ketua Pegawai Perniagaan
EXIM Bank, Md Harris Md Taib (tengah) pada sidang media
di Kuala Lumpur, semalam.
Managing Director and Chief Executive Officer Datuk Adissadikin Ali said the bank is in the middle of project negotiations, in line with its target to disburse RM5 billion in loans this year, mainly driven by infrastructure project funding in the Asean region.
"We see Indonesia as a place with a big need for electricity and that is why apart from normal electricity generation we are looking at renewable energy production," he said, adding the country has ample natural resources to meet its rising needs.
"The increase in demand would be supported by higher loan disbursements, which are targeted to grow at least 30 per cent annually until 2015," he said after a collaboration signing ceremony between Exim Bank and PT Senagan Energi here Thursday.
The bank will provide USD24.4 million financing to PT Senagan Energi for the design, construction, operation and maintenance of a 10MW river hydropower plant on the Kreung Isep River in Nagan Raya regency in Aceh.
"An investment of over USD30 million, the Kreung Isep run-of-river hydropower plant will benefit and contribute to the economic development, recovery and reconstruction of Aceh Province," he said.
The agreement was signed by Exim Bank Chief Business Officer Md Harris Md Taib and PT Senagan Energi Managing Director Datuk Mohd Zaini Abdullah, witnessed by Adissadikin.
The project, with a total development cost of USD30.7 million, is scheduled to begin construction in mid-June this year, with a targeted completion date within 24 months.
"We expect it to be operational sometime in August 2015," Assadikin added.
-- BERNAMA
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