Jakarta (ANTARA News) - Nickel miner PT International Nickel Indonesia (INCO) said Monday the Forestry Ministry has given it permission to use a forested area adjacent to its concession area for the construction of the Karebbe hydroelectric generating facility in South Sulawesi.
Construction of the facility was suspended in January 2006 pending issuance of the permit.
"We are very pleased to have received this permit that is central to moving forward on the project," Inco president and CEO Arif Siregar was quoted by Thomson Financial as saying.
He said Inco's board of commissioners will meet shortly to decide when to resume construction of the project.
Once completed, the facility will increase Inco's hydroelectric power-generating capacity by 90 megawatts or 33 percent.
Inco is majority-owned by CVRD Inco Ltd of Canada. CVRD Inco is wholly owned by Companhia Vale do Rio Doce of Brazil.
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