PT MEDCO RATCH 4-WAY FUNDING FOR POWER PLANT
Ratchaburi Electricity Generating Holding Plc reported to the Stock Exchange of Thailand yesterday that its subsidiary, PT Medco Ratch Power Riau, 49 per cent-owned by the company through RH International (Singapore) Corporation Pte Ltd, has signed a loan agreement and others related financial agreement with four financial institutes totalling $222 million for the period of 20 year.
The funding will go to construction and development of Riau Combined-Cycle Power Plant Project, expected to commence commercial operation in 2021, the company's chief executive officer Kijja Sripatthangkura said in the report yesterday.
The four loan providers are Asian Development Bank, International Financial Corporationg, MuFG Bank, and Sumitomo Mitsui Banking Corporation.
