TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
UK interested in creating solar power plants in RI
Solar power: Coordinating Investment Board (BKPM) chairman Franky Sibarani says UK investors are interested in investing in the electricity sector in Indonesia
Change Size
Solar power: Coordinating Investment Board (BKPM) chairman Franky Sibarani says UK investors are interested in investing in the electricity sector in Indonesia. They plan to invest US$250 million to build solar power plants with a total capacity of 200 Megawatts (MW). (Antara/Andika Wahyu) (BKPM) chairman Franky Sibarani says UK investors are interested in investing in the electricity sector in Indonesia. They plan to invest US$250 million to build solar power plants with a total capacity of 200 Megawatts (MW). (Antara/Andika Wahyu)
S
span class="inline inline-center">Solar power: Coordinating Investment Board (BKPM) chairman Franky Sibarani says UK investors are interested in investing in the electricity sector in Indonesia. They plan to invest US$250 million to build solar power plants with a total capacity of 200 Megawatts (MW). (Antara/Andika Wahyu)
The Coordinating Investment Board (BKPM) said on Monday that UK investors had conveyed their interest in investing in the electricity sector in Indonesia by developing solar power plants worth US$250 million with a total capacity of 200 Megawatts (MW).
The investors conveyed their interest during one-on-one meetings in a string of investment marketing events it held in the UK last week, the BKPM said.
'They are quite serious because those investors visited Indonesia and held meetings with several related ministries and institutions to sound out the possibility of investing in the electricity sector,' BKPM chairman Franky Sibarani said as quoted by Antara in a statement in Jakarta on Monday.
He said BKPM, via its branch office in London, had helped the investors meet with state-owned electricity company PLN, the Energy and Mineral Resources Ministry and private Indonesian companies to discuss investment opportunities in solar power plants.
'They are currently deciding on potential areas for the development of the solar power plants, such as East Kalimantan, East Nusa Tenggara, North Sulawesi, South Kalimantan, West Kalimantan and West Nusa Tenggara,' said Franky.
He further said BKPM was committed to fully supporting the realization of the investment plans and making them 'pilot projects' for renewable energy investments coming from Europe.
Franky said BKPM would facilitate investors in obtaining investment permits and realizing the investment projects in the designated areas. Among measures the government had conducted to push investments in the electricity sector was simplifying license procedures from 49 permits in 923 days to 25 permits in 256 days.
Franky said the government also gave a 'tax allowance' facility for investments in the electricity sector, with a standardized tax allowance request submission process of a maximum of 28 days through at the BKPM's one-stop integrated service unit (PTSP). (ebf)(++++)
