Indonesia, Japan to sign USD 7 billion power pact

Indonesia and Japan will soon sign a pact worth USD 6 to 7 billion for developing Indonesian power projects and natural resources, chairman of the Indonesian Chamber of Commerce (KADIN), M.S. Hidayat said on Monday.

Indonesia, Japan to sign USD 7 billion power pact
Indonesia and Japan will soon sign a pact worth USD 6 to 7 billion for developing Indonesian power projects and natural resources, chairman of the Indonesian Chamber of Commerce (KADIN), M.S. Hidayat said on Monday.

The Antara news agency quoted Hidayet as saying the pact would be signed during a visit by the Japanese Prime Minister Shinzo Abe to Jakarta on August 20.

Abe will have talks with the Indonesian president Susilo Bambang Yudhoyono.

The two leaders will also attend the inauguration ceremony of four power projects, cost of which hit USD 4 billion.

The projects to be signed during the visit include electricity generating stations in three provinces on the Java island in addition to extending a gas pipeline out of the island.
A fourth project is a station to be operated as of 2010 for producing two million tons of liquefied gas annually.

This visit by Abe and a delegation of 200 power experts is of prime importance to both states, as Japan is trying to win giant power projects in Jakarta and Indonesia is working hard to provide various power sources for the most populous islands and development projects.

Agencies
Last Mod: 13 Ağustos 2007, 14:38
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