This Power Deal Really Packs A Punch

It was the icing on the cake for Robert M. Edgell, executive vice-president of Mission Energy Co. In late June, a syndicate of 36 banks led by Chase Manhattan ponied up $1.8 billion in financing for the first privately owned and operated power plant in Indonesia. Edgell and his company head a consortium that has been chasing the power project since 1991. They finally signed the $2.5 billion contract 16 months ago, after grueling negotiations in smoke-filled rooms in Jakarta. Now, they have the money lined up to make it a reality.

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