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Wampu hydro rolls out new PLN backstop
02 August 2012
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[wampu]
[pln]
[mega]
[kepco]
[posco]
[bvgl]
Korea Midland Power, Daewoo Engineering and Mega Power Mandiri closed on the $130 million Wampu run-of-river hydroelectric power project in north Sumatra on 10 July. The documentation for the deal signed on 23 February, but conditions precedent relating to the project's permits and support letter have consumed the intervening months. The financing consists of a $58 million loan from SMBC (also financial adviser) and a $72 million direct loan from Kexim. The financing falls under Kexim's dedicated programme...
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