South Korean companies are looking to invest in the electricity sector in Indonesia
South Korean companies are looking to invest in the electricity sector in Indonesia.
According to head of the Investment Coordinating Board (BKPM) Franky Sibarani, a South Korean state-owned electricity company revealed its interest in joining the tender for power generation projects in Banten and West Java during a private meeting with Vice President Jusuf Kalla in Seoul, South Korea.
Each of the power plants will have a capacity of 2,000 megawatts with total planned investment to reach Rp 80 trillion (US$5.67 billion).
Kalla also had a private meeting with a telecommunications equipment industry giant which is currently constructing a plant in Cikarang, West Java, with planned investment reaching Rp 6 trillion.
Franky added that the BKPM had also met with representatives of an apparel company that is seeking to build a third plant in Indonesia.
'Their third plant is going to be built in Central Java with planned employment to reach 3,500,' Franky said on Saturday as quoted by tribunnews.com. (kes) (++++)
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