“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Wednesday, November 29, 2006

Affin hired to help raise US$308m for BumiGas plants

Business Times - 2006-11-29 11:49

Kuala Lumpur, November 29 2006 (Business Times) - AFFIN Investment Bank Bhd has been hired to help PT BumiGas Energi raise US$308 million (RM1.12 billion) to help finance the construction of two power plants in Indonesia.

The bank has been appointed the adviser and lead arranger for the exercise, which is due to be finalised by the end of the year, it said in a statement recently.

BumiGas has formed a special purpose vehicle (SPV) to develop, finance, build, operate and maintain the geothermal power plants.

Unlike gas or coal-fired plants, geothermal power plants use the natural heat of the earth, like dry steam, to generate electricity.

This is Affin's first cross border deal in Indonesia.

Shareholders of the SPV include Malaysian-based Transmit Nanyang Engineering Construction Sdn Bhd (TNEC) with 60 per cent shareholding, Indonesia-based PT. Bumigas Energi with 30 per cent and an Australian company Prime International with 10 per cent.

"I am confident the offer will be fully subscribed by private investors especially since TNEC (who is the major shareholder of Bumigas) is expected to be the main investor of the bonds," Affin Investment Bank president and chief executive officer Datuk Sheikh Awab Sheikh Abod said.

The two geothermal power plants are under a 15-year concession awarded to BumiGas, at the end of which the independent power producers (IPPs) will be transferred to PT. Geodipa Energi.

PT GeoDipa Energi is a joint venture company of PT Pertamina (Persero) and PLN (Persero) (Perusahaan Listrik Negara), two of the biggest state-owned companies in Indonesia.

It has been mandated by the Ministry of Finance of Indonesia and the Government of Indonesia to produce electricity from geothermal energy and sell the electricity produced to PT Perusahaan Listrik Negara.

The construction will take approximately four years with an estimated cost of US$400 million (RM1.45 billion).

"We are pleased to appoint Affin Investment Bank to secure financing for this venture. We are confident that with their growing regional prowess they should have no problem to attract investors," BumiGas chairman H.M. Wijaja said in a statement.

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