Thursday, 7 January 2010

Indonesia says UAE fund plans to invest $5.2 bln

The UAE's Middle East Coal (MEC) plans to invest $5.2 billion in infrastructure in Indonesia's East Kalimantan including a power plant, a railway and a smelter, the head of Indonesia's investment agency (BKPM) said.

The projects in the province on Borneo island include an around 140-km railway, a 1,400 megawatt coal-fired power plant and an alumina smelter, Gita Wirjawan said late on Wednesday.

Wirjawan confirmed the plans in a mobile phone text message to Reuters, adding: "as for the railway project, the land clearing has been done in the past months and the first stone will be laid in March."

No comments:

Post a Comment