Dian Swastatika to provide up to Rp 460b loan for power subsidiary
Thursday, October 27 2016 - 02:03 AM WIB
IDX-listed coal firm PT Dian Swastatika Sentosa Tbk said Wednesday it has agreed to provide loan facility to its indirect subsidiary PT DSSP Energi Sejahtera with commitment up to Rp 460 billion with validity period until December 31, 2023.
The company said in a statement that the loan interest is 10.5 percent per annum, subject to further review from time to time.
Dian said that at the same time, PT DSSP Energi Sejahtera, has also agreed to provide loan facility to PT DSSP Power Sumsel, with commitment up to Rp 460 billion with validity period until December 31, 2023. The loan interest is 10.5 percent per annum, subject to further review from time to time.
Dian said the main purpose of the loan facilities is for additional working capital of the company's subsidiaries.
PT DSSP Power Sumsel is developing the South Sumatra 5 mine mouth power plant in South Sumatra
Editing by Reiner Simanjuntak