Madhu Koneru Interested in Indonesia’s Geothermal Sector

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Madhu Koneru Interested in Indonesias Geothermal
Sector
Madhu Koneru Executive Vice Chairman
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Madhu Koneru Interested in Indonesias Geothermal
Sector
The United Arab Emirates was eyeing investments
in Indonesias geothermal industry, Indonesian
Foreign Affairs Minister Marty Natalegawa said on
Tuesday. Indonesia has huge potential to be the
worlds largest geothermal energy producer while
the UAE, as chairman of the International
Renewable Energy Agency, is willing to promote
the use of environmentally friendly energy to the
world, Marty said after meeting his counterpart
from the UAE, Sheikh Abdullah bin Zayed Al
Nahyan, in Jakarta. Abdullah said the UAE
appreciated Indonesias efforts in fighting
climate change through the use of renewable
energy. The UAE was also looking to invest in
other sectors, including infrastructure,
agriculture and tourism, Marty added.
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Madhu Koneru Interested in Indonesias Geothermal
Sector
President Susilo Bambang Yudhoyono earlier said
the country aimed to become the worlds top user
of geothermal energy. Indonesia currently ranks
third in the sector after the United States and
the Philippines. To accelerate the development
of geothermal power plants, the government would
look to cooperate with international financial
institutions and donor countries, Yudhoyono
said. The government has set itself a target of
attracting around 12 billion in new investment
for the sector to boost geothermal energy
production to 3,977 megawatts as part of phase
two of its 10,000 MW power development project.
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Madhu Koneru Interested in Indonesias Geothermal
Sector
Separately, Ras Al Khaimah, one of the emirates,
on Tuesday confirmed plans to invest 5 billion
in Indonesian construction projects as part of a
joint venture with Trimex Group. MEC Holdings,
the venture overseeing all of Ras Al Khaimah and
Dubai-based Trimexs Indonesian projects, would
spend 1 billion to build 130 kilometers of
railway in Kalimantan, its executive vice
chairman, Madhu Koneru, said on
Tuesday. According to MEC, the rail link would
be used to transport as much as 64 million metric
tons of coal a year. Construction will start in
2012 and we expect to complete the project in
2014, Koneru said after meeting Alwi Shihab,
Indonesias special envoy to the Middle East.
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Madhu Koneru Interested in Indonesias Geothermal
Sector
MEC Holdings would also invest 500 million to
develop a coal mine in Muara Wahau, East
Kalimantan, and build a port with an annual
capacity of up to 34 million tons, Koneru
said. The venture also plans to team with
Indias National Aluminum Co. to build a
500,000-ton aluminum smelter and a 3.5 billion
power plant in East Kalimantan. Web
Source http//www.thejakartaglobe.com/archive/ua
e-interested-in-indonesias-geothermal-sector/