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Investment board receives power investment applications worth US$8.9 billion

The Capital Investment Coordinating Board (BKPM) has received investment applications worth US$8.94 billion in the electricity sector from 12 foreign companies in 2015, an official said.

“In the January to March 2015 period, we received applications for principle licenses on foreign investment (PMA) from 12 companies with a total value of US$8.94 billion,” Deputy Chief of Capital Investment Planning Affairs of the BKPM, Tamba Hutapea, stated here on Tuesday.

Of the 12 companies that filed investment applications, three with investment worth US$1 billion were from Japan; one with investment worth US$6.26 billion was from China; one with investment worth US$211.6 million was from a Seychelles company; five with investment worth US$444 million were from Singapore; and two worth US$1.02 billion were from companies jointly owned by several countries.

The locations of the electricity projects are scattered in various provinces, such as Aceh, Banten, West Java, East Java, East Kalimantan, Lampung, Maluku, South Sulawesi, North Sulawesi, and North Sumatra.