The Indonesian government plans to build additional power plants with a total generation capacity of 35,000 megawatts by 2019. (Antara Photo/Ari Bowo Sucipto)

Indian Firms Keen to Invest in Electricity Projects in Indonesia

BY :MUHAMAD AL AZHARI

APRIL 29, 2015

Jakarta. Indian companies are looking to participate in an Indonesian government program to develop the target of 35,000 megawatts in new capacity by power plants, said a delegate from an envoy of executives visiting from India.

Anoop Seth, managing director of IL&FS Tamil Nadu Power, an Indian company investing in infrastructure across sectors, said his company is “interested” in learning more about the 35,000 MW power plant project.

According to government plans, as previously announced by officials from the Energy and Mineral Resources Ministry, 62 percent of total capacity will come from independent power producers, while the remainder will be built by state-owned power company Perusahaan Listrik Negara.

About 60 percent of total capacity will use coal, while the remainder will rely on diesel-based fuel.

Anoop on Monday and Tuesday led 14 senior executives from Indian companies that spanned a variety of sectors including energy, mining and manufacturing.

Datta Tembhekar, chief executive of Essar Indonesia, a manufacturer and marketer of steel coils and sheets, said the company plans to invest up to $30 million to build power plants for its own needs.

Essar Indonesia started commercial production in 1997 and is currently the largest producer of cold-rolled and galvanized steel in Indonesia’s private sector.

Anand Prakash, the first secretary at the Embassy of India in Jakarta, said the envoy also discussed the “Make in India” policy, which encouraged companies to manufacture in India and export.

The Indian envoy met with some Indonesian ministers and local industry representatives such as Franky Sibarani, chairman of the Investment Coordinating Board (BKPM).

GlobeAsia

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