JBIC responds

JBIC responds

I would like to convey my sincere appreciation about your
continuous attention to the Tarahan Coal Fired Steam Power Plant
Project (hereafter referred to as the Project). We are very much
proud that Japan Bank for International Cooperation (JBIC)
assists, through concessional Yen Loan, this extremely important
Project which, once completed, will greatly improve the power
supply situation in Sumatra.

I am writing in response to your article regarding the
project dated Aug. 9 under the heading PLN signs contract with
Alstom consortium. The article contained the following statement:
"However, PLN was forced to delay the construction work because
the Japan Bank for International Cooperation (JBIC), as the
financier of the project, was unable to finish the evaluation of
the tender results for the projects by the end of last year".

I am shocked at and disappointed with such incorrect reporting
in your reputable newspaper. The fact is that JBIC never caused
such delay on the said project by negligence in loan processing
that was apparently implied in the article. Besides, it was
grossly unfair that The Jakarta Post never contacted JBIC to
confirm the said contents in the article.

I would appreciate it if you take appropriate measures
regarding the article. In the meantime as one of many avid
readers of the Post, I will always expect the Post to deliver the
factual, objective and in-depth reports.

IKURO SATO

Chief Representative

JBIC

Jakarta