Listrik Seeks $10 Billion in Financing for Capex Through 2015
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PT Perusahaan Listrik Negara, Indonesia’s state utility, seeks to raise as much as 88 trillion rupiah ($10 billion) in financing through 2015 as it expands capacity to meet increasing demand for electricity.
Listrik Negara will spend 310 trillion rupiah on capital expenditure over five years, of which 66 trillion rupiah will be spent this year, Finance Director Setio Anggoro Dewo said. The money will come from bond sales, new and existing loans and internal cash, he said.