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.
Economy in brief: RI firm to construct coal port in Vietnam
Indonesian firm PT Intra Asia Indonesia has signed a memorandum of understanding (MoU) with its counterpart in Vietnam, in connection with its plan to construct a coal port in the southern part of the country with US$1 billion
Change Size
I
ndonesian firm PT Intra Asia Indonesia has signed a memorandum of understanding (MoU) with its counterpart in Vietnam, in connection with its plan to construct a coal port in the southern part of the country with US$1 billion.
The agreement was signed by PT Intra Asia president director Justin Lim and Hong Pat Coal and Resources chairman Phan Ngo To Hong in Jakarta on Wednesday, witnessed by secretary general of the Communist Party of Vietnam, Nguyen Phu Trong.
“The port will especially be used for cargo and logistics that will serve exports and imports between Indonesia and Vietnam, particularly coal,” said Intra Asia Indonesia commissioner Lutfi Ismail in a statement.
When it operates, the capacity of the port will reach between 15 and 20 million tons of coal per year, he said, adding that it would cut logistics cost for coal imports from Indonesia.
Lutfi said construction of the port would facilitate the sustainability of coal exports from Indonesia to Vietnam, and would help fuel power plants in the country.
