SK firms look to invest in Indonesia power sector

JAKARTA: South Korean companies are looking to invest in the electricity sector in Indonesia.

According to head of the Investment Coordinating Board (BKPM) Franky Sibarani, a South Korean state-owned electricity company revealed its interest in joining the tender for power generation projects in Banten and West Java during a private meeting with Vice President Jusuf Kalla in Seoul, South Korea.

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Each of the power plants will have a capacity of 2,000 megawatts with total planned investment to reach Rp 80 trillion (US$5.67 billion).

Kalla also had a private meeting with a telecommunications equipment industry giant which is currently constructing a plant in Cikarang, West Java, with planned investment reaching Rp 6 trillion.

Franky added that the BKPM had also met with representatives of an apparel company that is seeking to build a third plant in Indonesia.

“Their third plant is going to be built in Central Java with planned employment to reach 3,500,” Franky said on Saturday as quoted by tribunnews.com.