JAKARTA: The management of Sumitomo Corporation is committed to add new investments in the energy sector in Indonesia with a value of more than U.S. $ 10.1 billion.
Minister Jero Wacik said there are six key projects that will work on the giant Japanese companies in Indonesia in recent years.
The sixth project, the power plant in Central Java worth US2, 5 billion, geothermal in Raja Basa worth U.S. $ 650 million plant in Meulaboh worth U.S. $ 700 million, the project reservoirs of gas worth U.S. $ 4 billion power plant in the system interconnection of Java-Sumatra worth U.S. $ 1 billion, and coal power plants Indramayu U.S. $ 1.25 billion.
JeroWacik added that one more project of geothermal projects now being tendered to the precise value is not mentioned.
"Sumitomo has expressed commitment to the government during the inauguration of the Tanjung Jati plant in Jepara. Investments will be done gradually in the coming years," he said age accompanying President receives CEO of Sumitomo Corporation Susumo Kato at the Presidential Palace (Friday, 02/10/2012) .
He said the new investments that will complement the portfolio of investments that they have done in Indonesia amounted to U.S. $ 5 billion. According to him, Sumitomo assess the investment climate in Indonesia is very good because of the relative political stability maintained.
He added that Sumitomo has a great interest to invest in energy and electricity in Indonesia so that most of the projects that they will work in both areas.
Meanwhile, Susumo said the meeting with President Yudhoyono went well and share information about conditions in Indonesia.
"We're trying more and more to invest in Indonesia because many investment opportunities that can be entered in the future," said Kato. (*)
| Project | Investment | ||
| Gas Storage | US$4 billion | ||
| Power in Central Java | US$2,5 billion | ||
| Coal Powerplant Indramayu | US$1,25 billion | ||
| Power Interconection Jawa-Sumatra | US$1 billion | ||
| Powerplant in Meulaboh | US$700 million | ||
| Geothermal Powerplant in Raja Basa | US$650 million | ||
| Total | US$10,1 billion | ||
| Data by: Sumitomo | |||
Minister Jero Wacik said there are six key projects that will work on the giant Japanese companies in Indonesia in recent years.
The sixth project, the power plant in Central Java worth US2, 5 billion, geothermal in Raja Basa worth U.S. $ 650 million plant in Meulaboh worth U.S. $ 700 million, the project reservoirs of gas worth U.S. $ 4 billion power plant in the system interconnection of Java-Sumatra worth U.S. $ 1 billion, and coal power plants Indramayu U.S. $ 1.25 billion.
JeroWacik added that one more project of geothermal projects now being tendered to the precise value is not mentioned.
"Sumitomo has expressed commitment to the government during the inauguration of the Tanjung Jati plant in Jepara. Investments will be done gradually in the coming years," he said age accompanying President receives CEO of Sumitomo Corporation Susumo Kato at the Presidential Palace (Friday, 02/10/2012) .
He said the new investments that will complement the portfolio of investments that they have done in Indonesia amounted to U.S. $ 5 billion. According to him, Sumitomo assess the investment climate in Indonesia is very good because of the relative political stability maintained.
He added that Sumitomo has a great interest to invest in energy and electricity in Indonesia so that most of the projects that they will work in both areas.
Meanwhile, Susumo said the meeting with President Yudhoyono went well and share information about conditions in Indonesia.
"We're trying more and more to invest in Indonesia because many investment opportunities that can be entered in the future," said Kato. (*)
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