ABB remains upbeat amid revenue drop<\/p>\n
JAKARTA (JP): Power company Asea Brown Boveri AG (ABB) of
\nGermany remains upbeat over its future business prospects in
\nIndonesia although its revenue here decreased by half to US$228
\nmillion in 1998.<\/p>\n
\"Indonesia is still a market with plenty of potential for
\ngrowth and is therefore a key market -- in spite of the crisis,\"
\nthe chairman of ABB Germany, Horst Dietz, said on Monday at the
\nTECHNOGERMA Export Trade Fair.<\/p>\n
He said that about $60 million worth of projects ABB had
\nreceived from the private sector were delayed, but he was
\nconfident that a number of the projects would resume.<\/p>\n
\"ABB has expressed its interest to the Indonesian government
\nin participating in the future Java-Bali island interconnection
\nproject which might begin when the crisis is over,\" Dietz said.<\/p>\n
He is optimistic about the continued development of Indonesia,
\nstressing that the current crisis is a temporary obstacle.<\/p>\n
Recently, ABB built a 1,095 megawatt combined heating and
\npower plant in Muara Tawar, West Java.<\/p>\n
ABB has received a number of contracts from state-owned power
\ncompany PLN since 1972, mainly involving the construction of
\npower stations, overhead power lines and high-voltage switching
\nstations.<\/p>\n
The company has built around 3,000 kilometers of overhead
\npower lines in Indonesia.<\/p>\n
ABB currently employed about 27,000 people in Asia, including
\n1,600 in Indonesia, he said, adding that 85 percent of its
\nIndonesian projects were financed by international donors.<\/p>\n
ABB is one of the 194 exhibitors at TECHNOGERMA Jakarta '99,
\nthe German trade and technology fair which is being held from
\nMarch 1 to March 7 at the Jakarta Convention Center.<\/p>\n
The exhibition is organized by the German Federal Ministry of
\nEconomics, which is financially sponsoring the event, as well as
\nthe Exhibition and Trade Fair Committee of the German Trade and
\nIndustrial Association, with the support of the German-Indonesian
\nChamber of Industry and Commerce of Jakarta.(02)<\/p>",
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"sponsor": "Okusi Associates",
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