Project Guarantee: Yes or No?
Tuesday, May 8, 2007
THE negotiations between Indonesia and the Chinese Consortium of banks stalled. In the negotiations that started at the end of last April, the two parties failed to reach an agreement on the terms and conditions of the government guarantee on the acceleration of the development of the 10,000-megawatt power plants.
Instead of quickly seeking an agreement, Sinosure, the guarantee institution representing the Chinese banks, decided to go home at t
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