The Indonesian businessman and businessman from Slovakia had on Monday (Dec 10) signed six memorandum of understanding (MoU) for investing in energy and natural resources which costs US$1.4 billion.
Indonesian Coordinating Minister for Economy Hatta Rajasa said the investment will be not funded by loan or State budget but wholly funded by private investors through the public private partnership (PPP) scheme.
That six investment projects signed are electricity supply for Kabil industrial estate in Batam, funding commitment for power plant in Kabil with capacity of 2x60 megawatts, 600 megawatts power plant development in Batam, and network installment for electricity distribution with minimum capacity of 600 megawatts using under water transmission cable.
Other two projects are cement mill establishment in East Kalimantan and commitment to participate in gas power plant auction for Arun with capacity of 200 megawatts offered by state electricity firm PT Perusahaan Listrik Negara (PLN).
During a meeting between Hatta Rajasa and his Slovakian counterpart Tomas Malatinsky, the two sides discussed ways to step up trade and investment of the countries.
"The trade volume between Indonesia and Slovakia has risen on an average 6.1 percent annually over the past five years. In 2011, total trade volume between the two countries reached $65.95 million, lower than $84.5 million in 2010.
Indonesia's main exports commodities to Slovakia are palm oil, rubber, footwear component, while Slovakia exports engine, electronic and cars and ammunitions.
That six investment projects signed are electricity supply for Kabil industrial estate in Batam, funding commitment for power plant in Kabil with capacity of 2x60 megawatts, 600 megawatts power plant development in Batam, and network installment for electricity distribution with minimum capacity of 600 megawatts using under water transmission cable.
Other two projects are cement mill establishment in East Kalimantan and commitment to participate in gas power plant auction for Arun with capacity of 200 megawatts offered by state electricity firm PT Perusahaan Listrik Negara (PLN).
During a meeting between Hatta Rajasa and his Slovakian counterpart Tomas Malatinsky, the two sides discussed ways to step up trade and investment of the countries.
"The trade volume between Indonesia and Slovakia has risen on an average 6.1 percent annually over the past five years. In 2011, total trade volume between the two countries reached $65.95 million, lower than $84.5 million in 2010.
Indonesia's main exports commodities to Slovakia are palm oil, rubber, footwear component, while Slovakia exports engine, electronic and cars and ammunitions.
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