Sumitomo Corp., Japan's third-largesttrading company, said its Indonesian unit has signed a 160
billion yen ($1.7 billion) loan agreement for a project to expand a coal-fired power plant in the Southeast Asian country.
Sumitomo's subsidiary PT. Central Java Power plans to double the capacity of the Tanjung Jati B power plant in Central Java province to 2,640 megawatts by building two additional coal-
fired generators, the trading company said in a statement on its Web site. Commercial operations for the No. 3 and No. 4 generators are set to begin by March 2012,
Monday, January 5, 2009
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