Japanese investors appear to continue to increase their investment in Indonesia, in particular in power sector. The latest company that announced its major investment plant is Asahi Glass Co. Ltd.
President & CEO of Asahi Glass, Takuya Shimamura, said that the company will invest approximately US$400 million to construct a power plant with capacity of 250 MW at its Indonesian subsidiary PT Asahimas Chemical (ASC). AGC, it said, will enhance the competitiveness of its chlor-alkali business in Southeast Asia by significantly reducing power rates, a major cost item of that business.
The power plant is scheduled to commence operation within 2017.