The signing of the East Java and Bali Distribution Network Development Project

10 FEBRUARY 2021

On Wednesday (10/2) an online Government Guarantee Agreement was signed through the Ministry of Finance and PT PII on Direct Lending from the Asian Infrastructure Investment Bank (AIIB) to PT PLN for financing the East Java and Bali Distribution Network Development project. .

The Ministry of Finance is consistent in continuing its support for accelerating infrastructure development in the midst of the Covid-19 pandemic, including through the PT PLN Distribution Network project as one of the Government's efforts to restore the national economy. By providing support through Government guarantees for this project, the Ministry of Finance together with PT PII as the Ministry of Finance's SMV, supports PT PLN in increasing the national electrification ratio which can later be enjoyed by people in the East Java and Bali regions.

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