medcom.id, Jakarta: South Korean investor again restated its interest to invest in Indonesia. This time, the geothermal sector has become their investment target, with the value reaching USD400 million.
Investors, gathered in a consortium of South Korean companies, mentioned the seriousness of their intention to invest in Indonesia's geothermal sector in East Java, at 160 megawatt (mw) and East Nusa Tenggara at 30 mw.
Head of the Investment Coordinating Board, Franky Sibarani, conveyed that the investors are extremely serious on the power plant projects.
"They are communicating with various parties, which is expected to support the existing construction project process," he said in an official statement to the media, Monday (3/21/2016).
The investment plan is one of the results of Franky's visit in Seoul, earlier on March. In the occasion, he conveyed that the electricity development of renewable energy should be fully supported for the investment potential to become a real investment to boost various economic developments in the region.
“The efforts to invest in renewable energy sector is one of the most important issues for the government. Since earlier last year, we have tried to boost through the concept of green investment," he continued.
The head of BKPM also conveyed that the investment plan is to be supported fully, as reminding the great geothermal potentials in Indonesia with lacking exploration into electrical energy.
“The great potential is not utilized in maximum as electric energy, when the development process will be assisted greatly by the supply of power," he added.
Investment Promotional Officer of BKPM Representative (IIPC) in Seoul, South Korea, Imam Soejoedi mentioned that IIPC Seoul will continue to supervise the investment interest conveyed up to its realization, even to the construction process.
“The consortium is also optimistic with various changes and simplification of regulations in various sectors in Indonesia, especially on electricity,” he explained.
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