Mar. 26, 2007 (China Knowledge) – Indonesia and Chinese corporations have signed a US$2.8 billion agreement to boost Indonesia’s electric power, the Indonesian Ministry of Energy and Mineral Resources (IMEMR) said.
The agreement totally covers five investment projects with an estimated electric capacity of 10 quadrillion watts, according to the IMEMR announcement.
China National Machinery Industry Corp. (CNMIC), China National Electric Equipment Corp. (CNEEC) and PT Penta Adi Samudra of Indonesia plan to jointly establish three power plants in Indramayu of western Java, valued at US$863.2 million in terms of investment size.
Chengda Engineering Corp. of China (CECC) and PT Truba Jurong of Indonesia have agreed on investing US$492 million on two power stations with a capacity of 316 trillion watts respectively at Labuan in Banten, while Harbin Power Engineering Co. Ltd. (HPE) intends to spend US$466.2 million on one station at Probolinggo in eastern Java with the help of PT Mitra Selaras Utama.
In addition, two Indonesia-based corporations, PT Prianamaya and Tronoh, will cooperate with Chinese company Zeelan for two power stations at Rembang in middle Java area, backed by a total investment worth US$558.
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