Electricity Shortage Hits Indonesia’s Ore Ban Plan

A shortage of electricity in Indonesia may hamper President Susilo Bambang Yudhoyono’s plan to ban all raw-ore exports by 2014 as he seeks to increase revenue by forcing companies to refine locally.

More than 1 gigawatt of additional capacity may be needed to power the smelters required for the world’s biggest nickel producer and largest exporter of tin to process its ore, according to Xavier Jean, the Singapore-based associate director of corporate ratings at Standard and Poor’s.

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Posted July 25, 2012 by repit in News

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