Sat, 23 Oct 2010

London (ANTARA News) - Two Dubai companies, Salam Investments and Mas ClearSight Investment Bank, plan to invest in the energy sector in South Sumatra, an Indonesian official said.

"The two companies from Dubai are interested in investing in coal mining and power generation and prepared to sink about 0.5 billion US dollars in eventual projects ," Mansyur Pangeran, Indonesian consul general in Dubai, told ANTARA here on Saturday.

Pangeran said he had accompanied Abdelhakim Mosleh of Salam Investments and Senior Vice President of Mas Clear Sight Investment Bank, Mujitaba Sarfaraz, on a business mission to the capital city of South Sumatra province, Palembang , recently.

In Palembang, they met with the head of the province`s regional coordinating agency for investment (BKPMD) as well as with officials representing coal mining and power plant sectors. The two Dubai businessmen got comprehensive information on those sectors, including aspects related to permit issuance, locations for coal mining and power plant and the supporting infrastructures.

Pangeran said after the visit to Palembang they also met with officials of the central investment coordinating agency (BKPM) and Indonesia power company PT PLN in Jakarta for further talks on their plan to invest in South Sumatra.

In accordance with the regulation for foreign investments, Pangeran added, the two Dubai businessmen sought data on Indonesian companies, state-owned or provincial government-owned companies, that will be made partners in the investments.

The business visit of the two Dubai businessmen to South Sumatra province was facilitated by the Indonesian consulate general in Dubai, Ministry of Foreign Affairs and South Sumatra provincial government (Pemprov Sumsel). (*)