JAKARTA - Star Energy Group Holdings Pte Ltd (SEGHPL) has paid off some of its facility B loan owed to Bangkok Bank Public Co. Ltd. after securing USD 90 million from its parent company, PT Barito Renewables Energy Tbk (BREN).

Merly, Corporate Secretary of BREN, said that this company has taken over 89,079 shares or all shares issued by SEGHPL. “The capital investment has been recorded by SEGPHL according to accounting and corporate regulatory authority (ACRA) on November 9,” she mentioned in the information disclosure quoted Monday (18/12).

It is known that BREN has channelled extra capital worth USD 90 million via rights issue of SEGPHL. After this corporate action, BREN’s shares rise to 913,229 shares from 824,150 shares.

SEGPHL currently works on Salak Binary Geothermal Power Plant with additional capacity of 15 megawatts (MW), which is targeted to commercially operate by the end of this year. (LK/ZH)