Jakarta (ANTARA News/Asia Pulse) - The Japan Bank for International Cooperation (JBIC) has offered a US$546 million loan to finance the construction of a coal liquefaction project in Indonesia.
Construction of the plant, which will have a production capacity of 13,500 barrels of liquefied coal a day, will start in 2009, a JBIC Director Shin Oya said in Jakarta Tuesday.
Shin Oya said JBIC is prepared to provide 60 per cent of the US$910 million required for the project, which is estimated to cost US$1.3 billion.
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