Indonesia: "Italian Company" to Build 55 MW geothermal Power Plant

European Proposals: $630m Investment in Indonesian Renewable Energy (Jakarta Globe)

(Courtesy CIA.gov)

European companies have collectively offered up to $630 million in investment proposals in renewable energy projects in Indonesia, the Investment Coordinating Board (BKPM) says.

In a statement on Monday, the BKPM said it received investment proposals of as much as $380 million from an unnamed Italian power company last week, during chairman Franky Sibarani's trip to Milan, Italy, last week.

According to the statement, the Italian company hopes to build two renewable energy power plants in Riau: a $280 million steam-powered electricity generator with a capacity of 250 megawatts and a $100 million geothermal power plant with a capacity of 55 megawatts.

The investment coordinating board is now facilitating a meeting for investors and representatives from the state power operator Perusahaan Listrik Negara (PLN), the Energy and Natural Resources Ministry and potential local partners, the BKPM chairman said.

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