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International relations

Japan-led consortium to lend $1.3bn to Indonesia LNG power plant

Government-owned JBIC leads an effort to export infrastructure

A Mitsui O.S.K. tanker is seen carrying LNG.

TOKYO -- A consortium of international banks, led by the government-owned Japan Bank for International Cooperation, will jointly lend $1.31 billion for a thermal power station in Indonesia fueled by liquefied natural gas.

The project involves a host of Japanese companies, including trading houses Marubeni and Sojitz, as well as shipping company Mitsui O.S.K. Lines, and will represent a new push by the Japanese government to export infrastructure.

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