JAKARTA - PT Surya Esa Perkasa Tbk (IDX: ESSA) signed standby letter of credit with PT Bank UOB Indonesia worth US$22 million to inject the fresh capital to its unit PT Panca Amara Utama (PAU). The unit currently build ammoniac factory 2,000 Ornithine transcarbamylase deficiency (OTD) in Banggai, Central Sulawesi.
The new plant is estimating need investment US$830 million. Previously, PAU has get a standby loan commitment $509 million lead by International Finance Corporation. The ammoniac factory is estimating start the commercial break by 2017. (*)