JAKARTA GLOBES - Two groups of banks, most of them Japanese and led by the Japan Bank for International Cooperation, have agreed to loan $1.8 billion to independent power producers PT Paiton Energy and PT Cirebon Electric Power to build coal-fired electricity plants with a combined capacity of 1,475 megawatts. The first consortium will loan $1.21 billion to fund a $1.5 billion expansion of Paiton’s East Java plant, which will increase capacity by 815 megawatts. Paiton is owned by Mitsui, International Power and Tokyo Electric Power. Read More