16 DECEMBER 2020
On (16/12) a Government Guarantee Agreement was signed through the Ministry of Finance and PT PII for Direct Lending from the Asian Development Bank (ADB) to PT PLN for financing the Kalimantan and Maluku - Papua Distribution Network development project and signing a guarantee agreement with KfW. , a development finance institution owned by the German Government, for financing through a Direct Loan from KfW to PT PLN for the Sulawesi and Nusa Tenggara Distribution Network development project.
By providing government guarantees for this project, PT PII, together with the Ministry of Finance, are committed to supporting the development of major electricity infrastructure in Eastern Indonesia.
As we know, the Eastern Indonesia region has great potential to spur economic growth sources, in sectors such as fisheries, agro-industry and tourism. The role of PT PII in the Government Guarantee scheme is expected to support the expansion of access to the electricity network in these areas.