Pamapersada provides $47.5m loan for power subsidiary
Wednesday, July 8 2015 - 02:14 AM WIB
By Romel S. Gurky
IDX-listed heavy equipment and coal mining company PT United Tractors Tbk said on Tuesday that its mining services subsidiary PT Pamapersada Nusantara had on June 26 signed an agreement to provide US$47.5 million loan to power company PT Energia Prima Nusantara.
The company said in a statement that the loan would be used by Energia, a fully-owned subsidiary of Pamapersada, to help finance power plant development project.
Editing by Reiner Simanjuntak