Solarex project on target

Solarex project on target

JAKARTA (JP): Solarex, an American joint venture between Amoco
Corp. and Enron Corp, said on Monday that its US$25 million solar
project in Indonesia was on schedule despite the prolonged
economic crisis.

The company said in a statement that of the 36,400 planned
solar systems, more than 21,000 had been delivered and installed
by the end of September with the remaining 15,400 units expected
to be installed by late 1999.

Les Poole, the Solarex regional manager, said: "There are no
real negative aspects as a result of the currency problem. In
fact we have probably received a higher profile than before as
one of the few IMF-approved humanitarian projects continuing in
the region."

Solarex, which claims to be the world's most experienced
manufacturer of solar power equipment, said the project aimed to
bring electricity to people living in areas the national grid
would not reach in the next five years.

The project, Solarex said, was the world's largest solar power
project for rural areas. (29)