KUALA LUMPUR: Pengerang Energy Complex Sdn Bhd (PEC) has negotiated financing terms for US$3.5 billion in project financing from export credit agencies (ECAs) across North America, western and southern Europe, Asia and Islamic financing from Islamic Development Bank entities.
In a joint statement today, PEC said the capital secured will be channelled to implement a US$5.3 billion latest-generation, low-carbon petrochemical facility.
