Slovak firms to pour $1.4 billion into RI

Slovak firms will invest around US$1.4 billion over the next few years to develop infrastructure, particularly in the energy sector, and build a cement plant in Indonesia.

The projects would be carried out through a public private partnership (PPP) scheme as well as through pure private arrangements, Coordinating Economic Minister Hatta Rajasa said on Monday after attending the Indonesia-Slovakia Business Forum in Jakarta.

One of the projects in the pipeline was the construction of a coal power plant with a capacity of 2×60 megawatts in Batam, Riau Islands, he said, without specifying the value of investment.

Local media had earlier reported that the construction of the power plant, to be located on Batam’s Kabil Industrial Estate, would likely cost around $185 million and be conducted by Slovak’s engineering, procurement and construction firm, the Istroenergo Group, along with PT Pembangunan Kota Batam.

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Posted December 12, 2012 by repit in News

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