The Jakarta Post
Buoyed by Indonesia’s strong economic fundamentals, two major foreign companies, the Marubeni Corporation of Japan and the Doosan Group of South Korea, plan to further expand their business in Southeast Asia’s largest economy.
Marubeni Corporation president and CEO Teruo Asada and Doosan Group chairman Yongmaan Park unveiled their business expansion plans during a meeting with Industry Minister MS Hidayat in Jakarta on Wednesday.
Speaking to reporters following the meeting, Hidayat said that Marubeni intended to join state-owned electricity company PLN’s tender for the development of a 660-megawatt (MW) power plant.
“The firm has completed the 660 MW project in Cirebon [West Java] and it will participate in the bidding for a geothermal [power plant] project that will generate 1,000 MW,” he added.
Marubeni, through its subsidiary, Cirebon Electric P...