JBIC to finance two power plant projects

The Japan Bank for International Cooperation (JBIC) has said it was ready to finance two power plants in Central Java and North Sumatra with a total value of more than US$1 billion. JBIC executive director Fumio Hoshi told reporters project funding negotiations had reached the final stage and he expected the tender process would complete in the near future. http://www.thejakartapost.com/news/2011/04/13/jbic-finance-two-power-plant-projects.html