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Jakarta Post

RI, China sign Rp 35t deals on energy, mining

  • Alfian and Adianto Simamora

    Jakarta

The Jakarta Post   /   Tue, December 23 2008   /  10:59 am

Indonesia and China signed deals Monday covering cooperation on eight energy and mining projects worth a total of around Rp 35 trillion (US$3.13 billion). The cooperation agreements were signed during the third Indonesia-China Energy forum (ICEF), which was attended by Vice President Jusuf Kalla and China's visiting Deputy Prime Minister Li Keqiang. "This is in the interest of the two countries. So we will purchase China-made products for the projects to help propel their economy, which will eventually have an impact on us as well," said Kalla. "Investment in energy these days is far cheaper, and if we invest today, we will ready when the world economy recovers," he said. The eight projects include one oil and gas project, one biodiesel development project, two coal mining projects and four power plant projects. The first pr...