YTL Power’s Indonesian plant crosses major hurdle

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: YTL Power International Bhd’s 80%-owned Tanjung Jati power plant project in Indonesia is believed to have crossed a major hurdle after having finalised its power purchase agreement (PPA) terms with the local regulators, according to MIDF Research.

With the finalisation of the PPA terms, the project is on track to reach financial close soon.