Clifford Chance Advises Chinese Bank On Electricity Deal In Indonesia

LAWFUEL - Legal Announcement Service - Singapore: Leading law firm Clifford Chance has advised the Export-Import Bank of China on a US$615 million financing for PT Perusahaan Listrik Negara (PLN), Indonesia's state electricity company. The Indonesian government guaranteed the 15-year loans. The funding will build two new power plants in Java that will greatly increase PLN's power generation capacity. These are the first Indonesian government-guaranteed loans to be signed in the country. The government had previously issued support letters for PLN's purchase obligations under its power purchase agreement. Singapore-based partner Ting Ting Tan advised the Export-Import Bank of China.

Clifford Chance Advises Chinese Bank On Electricity Deal In Indonesia

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