Malaysia’s Khazanah banking on RI infrastructure

Malaysian state-owned investment holding company Khazanah Nasional Berhard has expressed its interest to invest in a number of Indonesia’s infrastructure projects in exchange for electricity from Indonesia.

Coordinating Economic Minister Chairul Tanjung said that the Malaysian firm had discussed the possibility of taking part in several infrastructure projects, including the construction of a power plant, a toll road and an airport.

“We have agreed to carry out a win-win partnership for electricity projects,” he told reporters after a closed-door meeting with Khazanah representatives on Wednesday, without elaborating on the estimated investment value.

Khazanah would invest in power plants in South Sumatra to support the 500 kilovolts (kV)-electricity transmission project on the island, in exchange for an electricity purchasing agreement with Indonesia’s state-owned electricity firm, PT Perusahaan Listrik Negara (PLN).

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Posted June 22, 2014 by repit in News

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