A consortium of Asian banks will provide $3.36 billion worth of loans to support the expansion of the Tanjung Jati B coal-fired power plant project in the Jepara district of Indonesia’s Central Java province. The 2,640 MW plant began operating in 2006 and the planned expansion will add another 2,000 MW of capacity. The loan agreement was approved by the JBIC, with backing from three major Japanese commercial banks – Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corporation – as well as other Japanese banks and Singapore’s OCBC.
