Government to Help Fertilizer Factory
Friday, 20 October, 2006 | 13:25 WIB
TEMPO Interactive, Jakarta: The government is allocating a budget valued at US$111 million for the gas to coal conversion program on five state-owned fertilizer factories. The aid that will be allocated as state co-financing will only cover 20 percent of total needed funds of US$555.4 million.
Industry Minister Fahmi Idris said that state co-financing for the project will be taken from the 2007 State Budget. Other fund sources will be from banks and other institutions. “All fertilizer factories have agreed to undertake energy conversion,” he said yesterday (10/19). The fertilizer factories include PT Pupuk Sriwidjaja, PT Pupuk Iskandar Muda, PT Pupuk Kujang Cikampek, PT Petrokimia Gresik, dan PT Pupuk Kaltim.