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View all search resultsIndonesia’s ambitious oil refinery development plans are prone to delays and even cancellations due to the country’s notorious policy flip-flop, according to global think tank BMI Research, a unit of Fitch Group.
Of the government's 35,000 megawatts (MW) program, power plants with a combined capacity of 1,358 megawatts were in operation as of Jan. 15, Energy and Mineral Resources Ministry spokesman Agung Pribadi said in a statement on Sunday.
State-owned electricity company PLN has so far signed contracts with a number of private companies for the construction of power plants with a capacity of generating 31,000 megawatts, as part of the implementation of the government’s program to procure an extra 35,000 MW of electricity by 2019.
The construction progress of the light rail transit (LRT) project in Jakarta has reached 15 percent, according to state-owned construction company PT Adhi Karya, a contractor of the project that is required to complete it in 2019.
The Banten provincial administration has criticized the slow development of the Serang-Panimbang toll road initiated by the central government. The toll road was initially slated to be completed in 2018. However, the completion date has since been pushed back to 2019.
US Secretary of State John Kerry and Iran's Foreign Minister Mohammad Javad Zarif reported some progress Tuesday on Iranian complaints that it's not getting the sanctions relief it deserves under last year's landmark nuclear deal.
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