Malaysia’s Exim Bank funds another Indonesian mini hydro

Provides US$11.9 million for the project.

The Export-Import Bank of Malaysia Berhad signed a facility agreement with PT Great Colour Energy for the development and construction of the 5 MW mini-hydropower plant in South Sulawesi.

The facility agreement was signed by Dato' Adissadikin Ali, Managing Director/Chief Executive Officer of Exim Bank Malaysia and Encik Khairul Nizam Tajul Hasnan, President Director of PT Great Colour Energy.

Exim Bank of Malaysia was established to promote reverse investment and export of strategic sectors such as capital goods, infrastructure projects, shipping and value added manufactured products. It also facilitates the entry of Malaysian companies into new markets. Its products include conventional and Islamic banking, credit insurance and credit takaful.