Indonesian nickel firm to build hydropower plant on USD300m loan

Posted on: Tue, 01 Dec 2009 10:53:00 EST


Symbols: BKTMF
Dec 01, 2009 (M2 EQUITYBITES via COMTEX) --
BKTMF | Quote | Chart | News | PowerRating -- 1 December 2009 - Indonesian nickel maker PT International Nickel
Indonesia (JAK:INCO) will take up to USD300m (EUR199m) loan from Bank
of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank to back its
hydropower scheme in South Sulawesi, Reuters said today.

Brazil's Vale Inco, which controls 60.8% in the Indonesian company,
will guarantee the loan.

The Karebbe project will boost the company's annual power generation
capacity by 90 megawatts and enhance its efficiency.

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