Tue, 25 May 2010

Jakarta (ANTARA News) - South Africa`s minning company Sasol is expected to decide whether or not to invest US$10 billion in Indonesia after it has completed a feasibility study in September, an official said.

"The company is expected to complete its feasibility study in September 2010. It is expected they (Sasol) will decide whether or not to invest here two months later," Chairman of the Investment Coordinating Board (BKPM) Gita Wirjawan said after a working meeting with the House of Representatives` Commission VI at the parliament building here on Monday.

He said the agency had sent a team of officials to South Africa to meet with the management of Sasol.

"Our staff members are now in South Africa to discuss the investment plan with Sasol," he said.

The South African company had expressed interest in building a coal liquefaction plant in Indonesia. It will become the biggest foreign investor in the country if it realizes the investment plan.

Gita said Sasol was one of the companies which had technology to convert coal into fuel oil.

"Sasol is ready to build a plant to process coal into fuel oil in Indonesia," he said.(*)