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Jakarta Post

French Areva to invest $15m for business expansion in Indonesia

  • The Jakarta Post

  /   Sat, March 29 2008   /  11:12 am

French electrical components supplier Areva plans to spend 10 million euros (US$15.7 million) over the next couple of years on expanding its business in Indonesia. Visiting Areva chief executive officer Philippe Guillemot told reporters Thursday the investment would be aimed at doubling the firm's production capacity as well as at introducing new technology for the local market. "We are seeking other opportunities in the industrial sector, including in oil, gas and mining firms, as well as in a government-sponsored 10,000 megawatt power project," he said. Aside from state power firm Perusahaan Listrik Negara (PLN), Areva's principal customers include U.S. Freeport, local steel producer Krakatau Steel, U.S. Chevron and French Total. The firm plans to involve itself as a supplier of transmission and distribution devices in the 10,000MW power project. ...