Dian Swastatika gives loan to power subsidiary
Tuesday, May 5 2015 - 01:02 AM WIB
By Ruli Setiawan
IDX-listed energy company PT Dian Swastatika Sentosa Tbk (DSS) announced on Monday it agreed on April 30, 2015 to give loan facility to subsidiary PT DSSP Power Kendari with an amount of up to Rp 0.5 billion.
The loan facility is due within 1 year since the date of the agreement and carries an interest rate of 11% per annum.
PT DSSP Power Kendari, an indirect subsidiary of DSS with effective ownership more than 99 percent, has signed Power Purchase Agreement with PT PLN (Persero) on May 4, 2015 for PLTU Kendari-3 coal-fired power plant project in Southeast Sulawesi with capacity of 2 x 50 MW .
Editing by Johannes Simbolon