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Jakarta Post

Russia plans to invest billions in smelters in RI

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Thu, September 6 2012   /  09:41 am

Russian firms plan to invest billions of dollars in refineries, smelters and infrastructure, including railways and power plants, in Indonesia within the next few years, an ambassador says.

Russian Ambassador to Indonesia Alexander A. Ivanov said on Wednesday that the investments would come from, among others, state railway firm Joint Stock Company (JSC) Russian Railways, Norilsk Nickel — one of the world’s largest nickel, platinum and copper producers — and Russia’s leading aluminum producer, Russky Aluminiy.

“There are very broad potentials [for investment]. But, the companies are still in the initial stages and they have not applied to the BKPM [Investment Coordinating Board] yet,” he told reporters during a press briefing on the ongoing Asia-Pacific Economic Cooperation (APEC), hosted by Russia in Vladivostok.

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