!!! >> Just Read This"on my YAHOO-NEWS Alert" Listrik...Listriiikkk... pffff..!!

clipped from www.bloomberg.com Oct. 27 (Bloomberg) -- PT Perusahaan Listrik Negara, Indonesia's state utility, sent proposals to 30 banks seeking 5.7 trillion rupiah ($625 million) to fund its power plant projects. The funding, which may include bank loans or bond sales, will be used for the company's project constructions next year, said Alhilal Hamdi, Listrik Negara's president commissioner. Listrik Negara plans to add 10,000 megawatts of coal-fired capacity by 2009 to cut dependence on oil. In June the utility sold $1 billion and 3 trillion rupiah of bonds, after raising $1 billion in October selling bonds overseas. The company owns and operates about 85 percent of the electricity-generating capacity in Indonesia and the country's entire power distribution network, according to Standard & Poor's. Listrik reported a 1.9 trillion rupiah loss in 2006. Indonesia's Listrik Negara Seeks $625 Million Funding for 2008