Indonesia Economy Forum

[Nike]

Indonesia invites financial service companies to invest in country
Rabu, 20 April 2016 08:19 WIB | 593 Views

London (ANTARA News) - Indonesia has invited world financial service companies to invest in the country, Cabinet Secretary Pramono Anung said here on Tuesday.

"In London, we have met with world financial service industrialists with a view to strengthening our finances," he said.

Pramono Anung was among the entourage members accompanying President Joko Widodo during his current visit to Britain after visiting Germany the day before.

Pramono said Indonesia could not only rely on tax income and there is need to strengthen its financial sector.

"We are inviting any party to come to invest in Indonesia that would benefit the country," he said.

Although the government has been intensifying efforts to lure investors to come to the country, it continues to pay attention to improve the quality of human resources, gini ratio and small and medium businesses, he said.

"The government has already deregulated many areas, including reducing the list of sectors for investment but it has not yet gone global and, therefore, the President, the Finance Minister and the Governor of Bank Indonesia have informed the world financial industrialists about these steps here in London," he said.

He said, a number of agreements were signed by Indonesia and Britain during the visit.

In a meeting between President Joko Widodo and Prime Minister David Cameron, a number of memorandums of understanding were signed by Foreign Minister Retno Marsudi, Minister of Fisheries and Marine Resources Susi Pudjiastuti, head of creative economic agency, Triawan Munaf, president director of flag carrier Garuda Indonesia with their partners.

The MOUs include tertiary education, information and experience sharing about hosting sports events, creative industries, implementing agreement on marine affairs and fisheries and an agreement between Garuda and Airbus.(*)
http://www.antaranews.com/en/news/1...ancial-service-companies-to-invest-in-country

Construction Kalimantan`s first railroad to start in December
Selasa, 19 April 2016 21:19 WIB | 814 Views

Samarinda (ANTARA News) - Construction of Kalimantans first railroad would start in December this year.
Construction would begin in the section linking Tabang in the regency of Kutai Kartanegara and Lubuk Tutung in the regency of Kutai Timur in East Kalimantan.
The section is designed mainly for the transport coal and palm oil, which are the main commodities in the region, East Kalimantan Governor Awang Faroek Ishak said here on Tuesday.
The railway will transport coal and palm oil from Tabang and nearby areas to the Special Economic Zone of Maloy Batuta Trans Kalimantan in the regency of Kutai Timur,.
In Maloy, work is in progress to build an international port to be integrated with the industrial estate.
The ground breaking of the railway project was inaugurated by President Joko Widodo on 19 November 2015 .
The Tabang- Lubuk Tutung section would be the first part of a trans Kalimantan railway across East Kalimantan and Central Kalimantan to be built by a Russian investor, the Russian Railways.
The project will cost around Rp72 trillion in three phases.
The next phase after the Tabang-Lubuk Tutung section would be one between the regency of Kutai Barat and regency of Penajam Paser Utara,where an industrial area - Buluminung industrial center - would be built.
At the same time, infrastructure would be built for the Buluminung industrial area including port and a number of techno parks.
The governor said there would be a number of techno parks to be built in 2016 including one planned under the program of the regional administration for nuclear power study and training with support from the central government.
"Lands for the entire projects have been available thanks to cooperation from a number of companies in Gunung Bayan, Kutai Barat and Lubuk Tutung," he said.(*)

 

[pr1v4t33r]

Jokowi: “Keep Calm and Invest in Indonesia”

President Joko Widodo has encouraged British business leaders to invest in Indonesia to combat the global economic slowdown. Speaking at a business forum of Indonesian and British entrepreneurs at the Mandarin Oriental Hotel in London on Wednesday (20/04), the president advised them to keep calm and invest in his country.

"It is clear that the world is facing many challenges, starting from the Chinese economic transition, social and security ordeals in Europe, to the economic slowdown hitting various countries. I think the solution is simple, keep calm and invest in Indonesia," Joko was quoted as saying in a statement.

The president described Indonesia as an investment destination, proven by its economic growth rate of 5.04 percent in the fourth quarter of 2015.

"I believe Indonesia's economy is stable," Joko said, adding that infrastructure development and investment are the two main engines of the nation's economy.

He highlighted various government-backed infrastructure projects and said they were the largest in the history of Indonesia.

To further convince businessmen, the president said he would continue to apply economic reforms with two fundamental principles: competitiveness and transparency.

http://jakartaglobe.beritasatu.com/news/joko-tells-british-entrepreneurs-keep-calm-invest-indonesia/

 

[pr1v4t33r]

Dialog Presiden Republik Indonesia Dengan Masyarakat Indonesia Di Jerman

 

[katarabhumi]

Indonesia one of the world's top 10 manufacturers
April 21 2016 | 02:45 pm

Indonesia has been listed as one of the world’s top 10 manufacturers by the United Nations Industrial Development Organization (UNIDO).

According to UNIDO’s 2016 International Yearbook of Industrial Statistics, Indonesia’s manufacturing industry accounts for almost a quarter of the country’s GDP.

"The UNIDO report shows that Indonesia has climbed into the top ten list," Shadia Hajarabi, UNIDO’s representative in Indonesia, said in Jakarta on Thursday.

"Indonesia is at the bottom of the list, but it surpasses England and Canada," Shyam Upadhyaya, a statistician at UNIDO, said. Shyam added that the list was based on total volume of production. China is at the top list, followed by the US, Germany, Korea and India.

"Indonesia has become an important industrial country," he added.

Shyam explained that China and India used to have higher economic growth compared to Indonesia. In recent years, however, economic conditions in those countries have fluctuated, resulting in economic slowdowns. "Indonesia's economy has been relatively stable compared to other countries in the region," he said.

He explained that the government had succeeded in maintaining the inflation rate at 4.5 percent and had lifted 25 million people out of poverty.

"In 2010, there were 50 million poor people in the country. Now it is almost half," Shyam explained, adding that this figure indicated that Indonesia could rely on the domestic market to boost economic growth instead of relying solely on exports.

"If you can maintain these indicators, it could produce higher growth," he went on to say.

Dyah Winarni Poedjiwati, an expert staffer at the Industry Ministry, said Indonesia's manufacturing industry grew 5.04 percent in 2015, higher than the national economic growth rate of 4.79 percent. The metals and electricity industry recorded the highest growth rate at 7.9 percent. Food and beverages rose 7.54 percent and the machinery and equipment industry grew 7.49 percent.

"The manufacturing industry contributed 18 percent to gross domestic product in 2015, worth around Rp 298 trillion. This is an increase from the previous year, which saw the manufacturing industry contribute 17.89 percent to GDP," he explained.

She said, however, that the trade balance in manufacturing products experienced a deficit of US$2.31 billion last year, with exports reaching $106.64 billion, or 71 percent of total exports. Total exports reached $150.25 billion, while the value of imports was recorded at 108.95 billion.

Meanwhile, according to the Investment Coordinating Board (BKPM), foreign direct investment declined by 9.65 percent in 2015, from $13.01 billion in 2014 to $11.76 billion. At the same time, domestic investment grew 5.8 percent to Rp 41.84 trillion. (bbn)

http://www.thejakartapost.com/news/2016/04/21/indonesia-one-of-the-worlds-top-10-manufacturers.html


+++

Indonesia`s Aviation Industry Potential to Reach US$2bn
THURSDAY, 21 APRIL, 2016

TEMPO.CO, Jakarta - Over the next four years, business potential of maintenance, repair and overhaul (MRO) industry in Indonesia is predicted to increase to US$2 billion from today’s US$920.

“Indonesia will be [the center] of MRO industry development in Asia-Pacific by 2022,” said Industry Minister Saleh Husin in the 4th Aviation MRO Indonesia (AMROI) 2016 Conference & Exhibition in Jakarta, Wednesday, April 20, 2016.

He said that since the government regulation on aviation service industry in Indonesia started to be relaxed in 2000, the development of Indonesia’s aviation service has increased rapidly in the past decade.

“A number of aviation industry [players] are competing heavily to win both domestic and regional markets,” he said.

According to him, with a population of 250 million and its strategic location, Indonesia needs air transport services to support both inter-islands and inter-regions connectivity.

“It’s a potential market for global investors to build Indonesia’s aviation industry.”

Report from the International Air Transport Association (IATA) found that the number of Indonesia’s air passengers will reach 270 million by 2034 or increase by more than 300% compared to 2014 with 90 million passengers.

“By 2020, Indonesia is predicted to be one among the top 10 world aviation markets, [it] could even reach top five by 2034,” he said.

http://en.tempo.co/read/news/2016/0...as-Aviation-Industry-Potential-to-Reach-US2bn

 

[Nike]

Pembangunan jalur layang Mass Rapid Transit (MRT) di Jalan TB Simatupang, Jakarta Selatan, Kamis (21/4/2016). Gubernur DKI Jakarta Basuki Tjahaja Purnama menyatakan pengoperasian MRT yang dijadwalkan bisa dilakukan pada tahun 2018 harus mundur menjadi tahun 2019 dikarenakan kendala pembebasan lahan. (ANTARA FOTO/Prasetyo Utomo)

Warga Desa Sosyan mencoba menyalakan televisi dengan listrik yang berasal dari Pembangkit Listrik Tenaga Mikro Hidro (PLTMH) saat pencanangan Program Indonesia Terang di Kabupaten Maybrat, Papua Barat, Kamis (21/4/2016). Sebelumnya warga menggunakan generator yang dinyalakan dengan solar, dimana harga bahan bakar di daerah tersebut Rp20 ribu per liter. (ANTARA FOTO/Rosa Panggabean)

Suasana Pembangkit Listrik Tenaga Mikro Hidro (PLTMH) dengan lampu yang menyala di Kabupaten Maybrat, Papua Barat, Rabu (20/4/2016). Pemerintah mencanangkan Program Indonesia Terang yang menjadi bagian dari program pembangunan ketenagalistrikan 35.000 MW dengan enam provinsi di wilayah Indonesia timur sebagai proyek percontohan pada Tahun Anggaran 2016, yaitu Papua, Papua Barat, Maluku, Maluku Utara, Nusa Tenggara Timur, dan Nusa Tenggara Barat. (ANTARA FOTO/Rosa Panggabean)

 

[pr1v4t33r]

Dialog Presiden Republik Indonesia Dengan Masyarakat Indonesia Di Belanda

 

[CountStrike]

Dutch Firm to Build $400m Bridge Over East Nusa Tenggara's Larantuka Strait


Jakarta. The government has sealed a $400 million deal with Dutch construction firm Tidal Bridge to build the Pancasila Palmerah Bridge in East Nusa Tenggara, a senior official said in a statement on Friday (22/04).

The suspension bridge will span the Larantuka Strait to connect Flores and Adonara Island. The bridge will also be equipped with turbines that will be able to generate up to 30 megawatts of electricity per hour from tidal waves.

East Nusa Tenggara Governor Frans Lebu Raya said earlier that the government plans to break ground on the project in December. The bridge will be 1.3 kilometers long, with about 800 meters suspended over the strait.

The deal is part of four worth more than $600 million that were reached with Dutch companies during a bilateral business forum in The Hague, on the sidelines of President Joko Widodo's state visit. Other deals include a solar panel production plant worth $185 million and human resources development in Indonesia's maritime industry, worth $11.2 million.

Indonesian food conglomerate, the Salim Group, and local seed producer, East-West Seed Indonesia, also sealed a $10 million deal with a Dutch partner to develop potato seeds that can improve yields.

"The deals establish the Netherlands as one of Indonesia's main sources of investment," Investment Coordinating Board (BKPM) chairman Franky Sibarani said.

Joko delivered a speech on the Indonesian government's efforts to boost the economy through infrastructure development and investments at the forum, which was attended by 300 businesses.

Franky, who also attended the forum, made a presentation on Indonesia's progress in improving ease of investment.

"The BKPM is now a one-stop shop for investment. Dutch investors can come to the BKPM to receive all related services," he said.

According to the BKPM, Dutch investment in Indonesia amounted to Rp 70 trillion ($5 billion) between 2010 and 2015.

 

[Nike]

RI, Dutch sign cooperation agreement in maritime and educational fields
Jumat, 22 April 2016 22:38 WIB | 740 Views

The Hague (ANTARA News) - Indonesia and the Netherlands have signed a Memorandum of Understanding (MoU) in various sectors, including maritime and education, during a bilateral meeting between President Joko Widodo (Jokowi) and Prime Minister Mark Rutte here on Friday.
"I am happy that I was able to reciprocate Prime Minister Ruttes visit to Indonesia in 2013," Jokowi said.
The two countries signed the MoU at the end of the bilateral meeting. The MoU covers higher education, science and maritime cooperation.
At the bilateral meeting, the president was accompanied by Coordinating Minister for Economic Affairs Darmin Nasution, Foreign Minister Retno Marsudi, Cabinet Secretary Pramono Anung, Trade Minister Thomas Lembong, Chief of the Investment Coordinating Board (BKPM) Franky Sibarani and Indonesias Ambassador to the Netherlands I Gusti Agung Wesaka Puja.
The President expressed the hope that his visit to the Netherlands as part of his four-European nation tour will enhance relations between the two countries.
He said he found it difficult to find areas for further cooperation between the two nations, since Indonesia and the Netherlands already have intensive ties in almost all sectors.
"But this time I am looking forward to focusing on three priorities -- water management, maritime affairs and trade and investment," he said.
At the meeting, Jokowi said he was happy with the realization of infrastructure projects, particularly those related to water supply and sanitation, water for food and ecosystem, water governance, and water safety.
Indonesia is facing challenges when it comes to controlling floods and coastal abrasion, and ensuring clean water supply, he said.
The president expressed the hope that cooperation in water management should focus on addressing these three issues, particularly with regard to transfer of expertise and technology.
"I appreciate the effort to renew the MoU regarding water management, signed in 2015. The MoU will last for five years," he said.
He also praised the Netherlands for its cooperation in achieving the aims of the Jakarta Coastal Development Strategy (JCDS) and the National Capital Integrated Coastal Development (NCICD).
In the maritime sector, the president lauded the Dutch government for its interest to help Indonesia achieve its maritime axis vision. The vision was realized by developing maritime clusters including fisheries, ship development, infrastructure and marine resources.
"I invite Dutch companies in the maritime sector to participate in the development of deep seaports in the eastern parts of Indonesia," he said.
He further said the Netherlands is one of Indonesias main partners in the trade and investment fields. However, trade between the two countries declined to US$4.22 billion in 2015 from $4.89 billion in 2014.
Dutch investment in Indonesia also dropped to $1.31 billion in 2015 from $1.73 billion in 2014.
To support open and competitive Indonesian economy, the government has launched 11 deregulation packages containing economic reforms, a three-hour licensing service, one stop service at the BKPM and revision of the Negative Investment List, he said.
"I invite the Netherlands to participate in maritime infrastructure projects in Indonesia, including Sorong deep seaport and Makassar deep seaport," he said.(*)

http://www.antaranews.com/en/news/1...-agreement-in-maritime-and-educational-fields

 

[Nike]

Suasana pembangunan Jalan Tol Trans Sumatera (JTTS) ruas Bakauheni-Terbanggi Besar di kawasan Desa Sabah Balau Lampung Selatan, Lampung, Sabtu (23/4/2016). Hingga saat ini pengerjaan proyek tersebut telah mencapai 8 kilometer dan terus dipercepat pembangunannya yang ditargetkan selesai sebelum pelaksanaan Asian Games 2018 mendatang. (ANTARA FOTO/Tommy Saputra)

Suasana pembangunan Jalan Tol Trans Sumatera (JTTS) ruas Bakauheni-Terbanggi Besar di kawasan Desa Sabah Balau Lampung Selatan, Lampung, Sabtu (23/4/2016). Hingga saat ini pengerjaan proyek tersebut telah mencapai 8 kilometer dan terus dipercepat pembangunannya yang ditargetkan selesai sebelum pelaksanaan Asian Games 2018 mendatang. (ANTARA FOTO/Tommy Saputra)

Suasana pembangunan Jalan Tol Trans Sumatera (JTTS) ruas Bakauheni-Terbanggi Besar di kawasan Desa Sabah Balau Lampung Selatan, Lampung, Sabtu (23/4/2016). Hingga saat ini pengerjaan proyek tersebut telah mencapai 8 kilometer dan terus dipercepat pembangunannya yang ditargetkan selesai sebelum pelaksanaan Asian Games 2018 mendatang. (ANTARA FOTO/Tommy Saputra)

 

[Nike]

Indonesia build 2 million tonnes capacity stainless steel mills in Sulawesi

Pembangunan pabrik stainless steel di Morowali capai 80 persen
Jumat, 22 April 2016 22:03 WIB | 3.669 Views
Pewarta: Sella Panduarsa Gareta

I Gusti Putu Suryawirawan (puskom.kemenperin.go.id)

Jakarta (ANTARA News) - Pembangunan pabrik baja anti karat atau stainless steel di Kawasan Industri Morowali Tsingshan di Bahodopi, Sulawesi Tengah memcapai 80 persen.

"Pembangunannya sudah 80 persen. Diperkirakan akan mulai produksi dalam tiga-empat bulan ke depan," kata Dirjen Industri Logam Mesin Alat Transportasi dan Elektronika Kementerian Perindustrian I Gusti Putu Suryawirawan di Jakarta, Jumat.

Putu mengatakan hal tersebut usai menemani Menteri Perindustrian Saleh Husin bertemu direksi PT Indonesia Morowali Industrial Park di kantornya.

Diketahui, pabrik stainless steel milik PT Sulawesi Mining Investment (SMI) tersebut memiliki kapasitas produksi 2 juta ton per tahun.

Terkait pengajuan insentif fiskal, perusahaan akan mengajukan fasilitas tax allowance kepada pemerintah, setelah permintaan tax holiday belum direstui.

"Insentifnya tax allowance, karena kan kemarin tax holiday tidak diterima. Mereka ajukan lagu tax allowance," ujar Putu.

Kawasan Industri Morowali Tsingshan sendiri sudah membangun smelter tahap pertama oleh SMI yang merupakan perusahaan patungan Bintang Delapan Group dan Investor Tiongkok Tsingshan Group.

Smelter ferronikel dibangun di atas lahan seluas 230 hektare dengan kapasitas 300 ribu ton dan pembangkit listrik tenaga batu bara berkapasitas 2 kali 65 megawatt.

Tidak hanya berakhir di Ferronikel, produk tambang tersebut akan diolah menjadi stainless steel di pabrik yang sedang dibangun, sehingga aktivitas hilirisasi semakin mendalam.

Diperkirakan, fasilitas power plant akan tersedia hingga 1,2 gigawatt hingga tahap akhir pembangunan.
Editor: Ruslan Burhani

COPYRIGHT © ANTARA 2016

http://www.antaranews.com/berita/55...k-stainless-steel-di-morowali-capai-80-persen

Kemenperin dorong Well Harvest kembangkan kawasan industri lanjutan
Kamis, 21 April 2016 21:06 WIB | 3.976 Views
Pewarta: Sella Panduarsa Gareta

Dirjen Industri Logam Mesin Alat Transportasi dan Elektronika I Gusti Putu Suryawirawan (paling kiri) mendampingi Menteri Perindustrian Saleh Husin meninjau pembangunan fasilitas pemurnian PT Well Harvest di Ketapang, Kaliman Barat, Kamis. (ANTARA News/ Sella Panduarsa Gareta)

Jakarta (ANTARA News) - Kementerian Perindustrian mendorong PT Well Harvest mengembangkan kawasan industri ke tahap selanjutnya di Ketapang, Kalimantan Barat.

"Jadi di area tersebut dapat memungkinkan produksi industri turunan. Misalnya bisa langsung membuat blok logam dan lain-lain," kata Dirjen Industri Logam, Mesin, Alat Transportasi dan Elektronika (ILMATE) Kemenperin I Gusti Putu Suryawirawan melalui siaran pers di Jakarta, Kamis.

Ketapang, lanjut Putu merupakan cluster alumina bersama Kuala Tanjung, Sumatera Utara, yang strategis karena termasuk dalam jalur lalu lintas laut internasional.

Sehingga, terbangunnya kawasan industri di wilayah tersebut, diyakini mampu mempercepat ekspor hasil pengolahan bauksit, hingga ke produk selanjutnya.

Fasilitas pemurnian yang dibangun Well Harvest di Ketapang tepatnya berlokasi di Sungai Tengar, Mekar Utama, Kendawangan, Kabupaten Ketapang, yang merupakan satu dari 14 kawasan industri di luar Jawa yang tengah dikembangkan.

Jika menggunakan perjalanan darat dari ibukota Kalbar, Pontianak, jarak bisa ditempuh dalam waktu 17 jam atau sekira 480 kilometer.

Adapun nilai investasi Well Harvest untuk pembangunan tersebut mencapai Rp15,8 triliun.

Editor: Ruslan Burhani

COPYRIGHT © ANTARA 2016

http://www.antaranews.com/berita/55...-harvest-kembangkan-kawasan-industri-lanjutan

Kemandirian galangan kapal nasional dipercepat
Minggu, 24 April 2016 14:47 WIB | 3.443 Views
Pewarta: Sella Panduarsa Gareta

Industri Galangan Kapal. (ANTARA FOTO/Irwansyah Putra)

Jakarta (ANTARA News) - Kontrak pengadaan 188 unit kapal senilai Rp11,840 triliun secara multi-years sejak 2015 hingga 2017 oleh Kementerian Perhubungan (Kemenhub) merupakan suatu langkah terobosan untuk mempercepat kemandirian industri galangan kapal nasional.

“Program pengadaan kapal Kemenhub ini perlu kitasyukuri sebagai anugerah bagi pertumbuhan industri kapal nasional," kata Komisaris Utama (Komut), PT Industri Kapal Indonesia (IKI), Soerjono melalui siaran pers di Jakarta, Minggu.

Diketahui, Kemenhub sejak akhir tahun lalu gencar melakukan kontrak pengadaan kapal baru berjumlah 188 unit, dengan nilai mencapai Rp11,840 triliun. Proyek multi years ini dilakukan untuk mewujudkan tol laut dalam program Poros Maritim Presiden Joko Widodo, sekaligus sebagai pembangunan kapal terbanyak dan bersejarah yang pernah dilakukan oleh bangsa Indonesia.

Investasi untuk membangun 188 kapal tersebut dilakukan dalam tiga tahap, yakni Rp3,3 triliun untuk 2015, Rp4,4 triliunpada 2016 dan Rp4,1 untuk 2017. Jenisnya meliputi kapalpatroli, ro-ro, container dan kapal ternak. Untuk kenavigasian ada kapal induk perambuan dan kapal pengamat perambuan.

Menurut Soerjono, kegiatan Kemenhub ini perlu disyukuri, mengingat situasi perkapalan di dunia sedang terpuruk, kebetulan di Indonesia sedang ada program menggalakkantransportasi laut yang kompetitif dengan jumlah 188 kapal.

Sebetulnya, jumlah kapal sebanyak itu jauh dari mencukupi, apalagi bicara soal program menggantian kapal-kapal yang usianya sudah di atas 30 tahun. Di mana teknologinya sudah lama dan mesinnya boros bahan bakarsehingga tidak efisien.

“Yang pasti ini peluang untuk menambah kapal dan diarahkan pada galangan yang dimiliki oleh pengusaha nasional. Karena, dengan bergulirnya dana di dalam negeri, maka otomatis akan membawa multiplier effect pada sektor lain," ujarnya.
Editor: Suryanto

COPYRIGHT © ANTARA 2016

http://www.antaranews.com/berita/557028/kemandirian-galangan-kapal-nasional-dipercepat

 

[pr1v4t33r]

Indonesia's FDI grows 17% in Q1
Foreign direct investment (FDI) in Indonesia in January-March rose 17.1% from a year earlier in rupiah terms, a state agency said on Monday, adding to signs of improvement in Southeast Asia's largest economy.

Indonesia attracted 96.1 trillion rupiah ($7.27 billion) of FDI in the quarter, about 25% of the 2016 target, the Investment Coordinating Board (BKPM) said. Receiving the most investment were pulp and paper as well as base chemicals.

readmore: http://www.bangkokpost.com/news/asean/947953/

 

[BoQ77]

Where can I buy good Indonesian acid stearic ? Anyone help

 

[kaka404]

Where can I buy good Indonesian acid stearic ? Anyone help

now that's an oddly misplaced question... out o nowhere...
well if you really are looking for it you can use yellow pages
http://id.yellowpages.co.id/browse/category/chemicals-wholesale-manufacturers
or
http://telpon.info/pabrik-bahan-kimia/
or google: "produsen kimia" (chemical producer) plus "asam stearat" (stearic acid)

 

[Nike]

PLN Gets $500m Loan From World Bank for Sumatra Electrification
Jakarta. The World Bank approved a $500 million results-based loan program last week for state utility company PLN as part of its efforts to prop up the Indonesian economy by providing much-needed infrastructure, the lender revealed in a statement on Monday (25/04).

The Power Distribution Development Program for Results is seeking to bring electricity to parts of Sumatra that are not yet connected to the national grid.

"The lack of access to electricity by millions of people in Sumatra has proved a major constraint to the region's economic potential. The Power Distribution Development Program will help close the infrastructure gap that prevents Indonesia from achieving higher growth," World Bank country director for Indonesia Rodrigo Chaves said.

By getting access to electricity local residents can improve their productivity and competitiveness, said Dhruva Sahai, a senior analyst at the World Bank. Sahai is also one of the program's team leaders.

According to the Central Statistics Agency (BPS), Indonesia's population stood at more than 250 million at the end of 2015. Of those, 39 million still do not have proper access to electricity, 9 million of whom live in Sumatra.

The program, which will complement existing power generation investments in Sumatra, is expected to add more than 40,000 circuit kilometers and 28,300 transformer units.

According to the World Bank's official website, the total cost of improving access to electricity in Sumatra stands at $1.45 billion but funding will not only come from the bank.

This is the World Bank's first results-based lending to Indonesia. PLN previously received a similar loan, worth $600 million, from the Asian Development Bank last year to expand its electricity grid in Sumatra.

PLN has an ambitious program to build 35-megawatt power plants to electrify the entire archipelago.
http://jakartaglobe.beritasatu.com/business/world-bank-signs-off-on-500-million-loan-for-pln/

 

[nufix]

Dialog Presiden Republik Indonesia Dengan Masyarakat Indonesia Di Jerman

I was there. Typical for him, his speeches are always enlightening and "easy" to comprehend. Sadly there are still some hippies outside the embassy who can't move on from the past.