The Indonesian government will soon pay US$250 million of US$294 million as compensation to private electricity project developer Karaha Bodas Company (KBC) which sued Pertamina over a failed project in the 1990s. Jakarta will make the payment from its funds deposited in Bank of New York and Bank of America. Pertamina Finance Director Alfred H….
INDONESIA: Government to pay part of power company KBC’s US$294 million claim
Posted on May 24, 2004 by EnergyAsia