Nigeria to invest Rp 24t in Indonesian refinery deal

The Jakarta Post, Wed, 10/12/2011

Nigeria plans to invest Rp 24 trillion (US$2.68 billion) in Indonesia to fund the construction of three oil refineries, an official says.

The Industry Ministry's director general for manufacturing-based industry, Panggah Susanto, was quoted by kompas.com as saying that both countries had agreed to build the refineries in Indonesia.

Nigeria, which produces 2.6 million barrels of oil per day (bpd), was looking for a partner to refine its crude oil, Panggah said.

"Previously they wanted the refineries to be built in Nigeria," he said Tuesday. "However, as Indonesia is currently improving its downstream industry, Indonesia wanted the refineries to be built here instead."

The refineries, which are projected to produce 300 bpd each, will be used to process crude oil from Nigeria.

"State firm PT Pertamina will buy the crude oil from Nigeria and process it here," he said.

Ministry to build micro-hydro power plant in Hukurila, Maluku

Antara News, Tue, October 11 2011

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Ambon, Maluku (ANTARA News) - The ministry of public works will build a micro hydro power plant in Hukurilla village, South Leitimur sub district, Ambon city, Maluku province with a capacity of 3.30 KiloWatt, a local official said here Tuesday.

Guntar Maha, an official of the Maluku River Center for Raw Water Commitment, said the power plant would be a pilot project using renewable energy, namely the watershed of Way Rupa.

The project would be built in Hukurilla village because the village was close to the Way Rupa river which had potential discharge and height differences that would be turned into micro-hydro energy sources, he said.

According to Guntar, the construction of the micro-hydro power plant project required the clearing of land and procurement of such things as turbines, concrete wire, tranquilizer tank, pillars for supporting concrete pipes, house plants and channel release.

The project would be located 20 kilometers from Ambon city and be inaugurated by Public Works Minister Djoko Kirmanto who also would attend the 18th Annual Scientific Meeting (PIT) of the Indonesian Hydraulic Engineers Association (HATHI) on October 28 to 30, 2011, Guntar said.

The project would also include the building of a one-kilometer-long transmission network from the waterfall`s location to Hukurilla beach which had a population of 147 households or 623 people.

Thus the project would also support the development of maritime tourism in Hukurilla which has a beach with coral panorama, underwater caves and various types of reef fish that make it an ideal dive site for domestic and foreign tourists, he added.

"We will involve staff from the Public Works Research and Development Agncy in Bandung to build the micro-hydro power plant Hukurilla. Similar plants would be developed in other areas in Maluku which have waterfalls with water flows and high difference potential," said Guntar.

The goal was to reach areas that do not have electricity from State-owned Electricity Company (PT PLN) of Maluku and North Maluku region.

Micro-hydro power plants use the potentials of waterfalls to generate electricity.

The objective was to provide environmentally friendly electric power at low operating and maintenance costs in order to improve the quality of life and fostering the economic growth of the rural communities, Guntar said.

Editor: Suryanto

Slovakia to invest $1 bn in Indonesia

The JakartaPost, Mon, 10/10/2011

Slovakia was planning to invest US$ 1 billion in Indonesia, visiting Slovakia President Ivan Gasparovic told reporters on Monday in Jakarta.

He said the investment plan would be included in seven agreements due to be signed on Tuesday.

Gasparovic delivered the plan after meeting with President Susilo Bambang Yudhoyono in Merdeka Palace Jakarta on Monday.

“There are fields to be explored in the areas of trade, agriculture, electricity, power plant generators and heavy machinery,” President Gasparovic said.

President Yudhoyono said Slovakia planned to construct a cement factory in Central Java and West Papua, a tire factory in Banten and electrical power plants in Lombok (West Nusa Tenggara) and Batam (Riau islands.

“Indonesia has sent nine proposals to Slovakia. The proposals are in food and agriculture, renewable energy, trade and investment, banking, education, mass media, infrastructure and manufacturing, tourism and culture,” he said.

US, Indonesia announce $28.5 million debt swap for forests

Antara News, Mon, October 3 2011

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Jakarta ( ANTARA News) - The United States and Indonesia on signed a $28.5 million debt-for-nature swap agreement on Monday, the US Embassy here said in its official website on Monday.

The agreement was signed under the U.S. Tropical Forest Conservation Act (TFCA) of 1998 that will reduce Indonesia`s debt payments to the U.S. Government over the next eight years by nearly $28.5 million.

In return, the Government of Indonesia will commit these funds to support grants to protect and restore the country`s tropical forests in Kalimantan. This agreement, in partnership with World Wide Fund for Nature-Indonesia (WWF) and The Nature Conservancy (TNC), will be the second TFCA debt-for-nature swap in Indonesia.

The first agreement was signed in 2009 and supports forest conservation activities on the island of Sumatra.

Both of these agreements contribute to the climate change and environment objectives of the US-Indonesia Comprehensive Partnership.

Kalimantan - Indonesian Borneo - historically has contained some of the world`s most remote and biologically-rich forests. There are presently up to 15,000 different flowering plants on Borneo and the island is home to a large number of treasured animal species such as orangutans, clouded leopards, and "pygmy" elephants.

The second Indonesia TFCA marks the 18th TFCA deal, following agreements with Bangladesh, Belize, Botswana, Brazil, Colombia, Costa Rica (two agreements), El Salvador, Guatemala, Indonesia (now two agreements), Jamaica, Panama (two agreements), Paraguay, Peru (two agreements), and the Philippines.

Editor: Heru

Telkomsel allocates CSR funds for peoples’ empowerment

The Jakarta Post, Jakarta, Sun, 10/02/2011

Indonesian telecommunication giant Telkomsel has spent 65 percent, or Rp 18 billion, of its Rp 28 billion (US$ 3.16 million) Corporate Social Responsibility (CSR) budget. The assistance has been committed to community empowerment programs, a company official said on Sunday.

“We have been using the funds to support student capacity building initiatives in schools throughout the country. We are likely to continue with these endeavors because we have received consistent positive feedback,” Telkomsel CSR general manager Tubagus Husniyullah said as quoted by tribunnews.com.

Tubagus said Telkomsel was particularly focused on regions recovering from disaster and assisting the organization of activities intended to support local residents during their recovery stages.