Sun, 20 Dec 2009
From:
Prominent power firm and lenders from Russia, Japan, Kuwait and Germany have pledged their interests to take part in Indonesia's huge power plant projects expected to commence next year, a local media report said Saturday.

Fahmi Mohtar, Director of Indonesian state-run power firm, PT Perusahaan Listrik Negara (PLN), conveyed that he had received representatives of those power firms who conveyed their interests, according to the Detik.com.

The Russian power firm, United Energy System of Russia (RAO UES), wanted to take part in the construction of Indonesia's hydropower plants, coal-fired power plants and geothermal power plants, Fahmi was quoted as saying.

Meanwhile, Germany, Japan and Kuwait wanted to provide funds to finance Indonesia's power plant projects, he said.

Germany wanted to finance coal-fired and geothermal power plant constructions outside Java with funds from German Development Bank(KFW/Kreditanstalt fur Wiederaufbau).

Kuwait offered unlimited funds to finance power plant projects, Fahmi said.

He said that talks with those parties over power plant projects they can take part in are underway.

Indonesian government is in dire needs of power supply in several regions across the country.

It had set two phases of fast-track power plant projects with capacity of 10,000 MW in each phase with total projects are expected to be settled in 2014.

Source: Xinhua



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