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Iran, Indonesia sign 4 cooperation documents
TEHRAN, Dec. 14 (MNA) – Iran and Indonesia inked four memoranda of understanding in Tehran on Wed. in the presence of President Rouhani and President Widodo.
The agreements include mutual legal cooperation in criminal matters, extradition of criminals, cooperation on electricity and renewable energy, and encouraging investment between the two countries.
Concurrent with this signing ceremony held on Wednesday at Sa'dabad Cultural Complex in Tehran, the representatives of private sectors of the two countries also signed eight cooperation documents to further expand bilateral relations.
Tehran determined to cement ties with Jakarta
"Iran welcomes improving the level of economic, political, cultural and scientific ties with Indonesia and is ready to supply energy for this country," said President Rouhani at the meeting of high-ranking delegations of Iran and Indonesia on Wednesday.
"If state and private banks establish closer ties with each other, we can witness faster development of commercial ties and joint ventures,” Rouhani stressed.
The president further highlighted the keen interest for participation of Iranian companies in various projects related to energy, oil, gas, water, as well as technical and engineering services.”
President Rouhani highlighted the need for Tehran and Jakarta to further deepen ties in regional and international fields, adding "the two countries pursue common goals in defending the rights of the Palestinian people and can cooperate more closely in establishing security in Syria, Iraq and Yemen and delivering humanitarian aid to the people of these war-stricken countries.”
At the same meeting, the President of Indonesia, Joko Widodo, also stressed his country's resolve for developing ties with Iran, saying "we believe that there is a great opportunity for expanding trade and investment cooperation with Iran in the wake of the implementation of the nuclear deal and lift of sanctions.”
President Widodo welcomed participation of Iranian companies' activities in Indonesia, particularly on construction of refineries, adding "Indonesia is also ready to develop extensive banking relations with Iran.”
http://en.mehrnews.com/news/122024/Iran-Indonesia-sign-4-cooperation-documents
Export credit for Indonesia’s power sector
Indonesia’s power grid will be boosted by eight mobile power plants, to be financed by the export credit agencies of Canada and Hungary.
In total, 500MW will be added to the grid, primarily outside of Java, in regions with low electrification rates. The finance, totalling US$435mn, comes in 12-year loans jointly funded by Export Development Canada (EDC) and the Hungarian Export-Import Bank (Hexim).
The borrower is state-owned electricity board PLN, which has been set a target of adding 35,000MW to the grid by 2019.
“These mobile power plants are expected to make electricity procurement reach Indonesia’s remote areas so the economy can grow and the 99.7% electrification ratio target in 2019 can be achieved,” says PLN communciations head I Made Suprateka.
The plants will utilise Tm2500 gas turbines made by GE. Fifteen of the 20 to be used will be made in Hungary, with the remaining five made in Canada.
CEO of Hexim Zoltán Urbán estimates that the deal will make Hungary Indonesia’s number one trading partner in the Central and Eastern European region, and that it will add more than HUF25bn to the Hungarian economy.
The details of the eight power plants are as follows: Lampung (4 x 25MW), Pontianak in West Kalimantan (4 x 25MW), Bangka (2 x 25MW) in Bangka Belitung, Riau (3 x 25MW), Belitung in Bangka Belitung (25MW), Ampenan in West Nusa Tenggara (2 x 25MW), Paya Pasir in North Sumatra (3 x 25MW) and Nias (25MW) in North Sumatra.
http://www.gtreview.com/news/asia/export-credit-for-indonesias-power-sector/
TEHRAN, Dec. 14 (MNA) – Iran and Indonesia inked four memoranda of understanding in Tehran on Wed. in the presence of President Rouhani and President Widodo.
The agreements include mutual legal cooperation in criminal matters, extradition of criminals, cooperation on electricity and renewable energy, and encouraging investment between the two countries.
Concurrent with this signing ceremony held on Wednesday at Sa'dabad Cultural Complex in Tehran, the representatives of private sectors of the two countries also signed eight cooperation documents to further expand bilateral relations.
Tehran determined to cement ties with Jakarta
"Iran welcomes improving the level of economic, political, cultural and scientific ties with Indonesia and is ready to supply energy for this country," said President Rouhani at the meeting of high-ranking delegations of Iran and Indonesia on Wednesday.
"If state and private banks establish closer ties with each other, we can witness faster development of commercial ties and joint ventures,” Rouhani stressed.
The president further highlighted the keen interest for participation of Iranian companies in various projects related to energy, oil, gas, water, as well as technical and engineering services.”
President Rouhani highlighted the need for Tehran and Jakarta to further deepen ties in regional and international fields, adding "the two countries pursue common goals in defending the rights of the Palestinian people and can cooperate more closely in establishing security in Syria, Iraq and Yemen and delivering humanitarian aid to the people of these war-stricken countries.”
At the same meeting, the President of Indonesia, Joko Widodo, also stressed his country's resolve for developing ties with Iran, saying "we believe that there is a great opportunity for expanding trade and investment cooperation with Iran in the wake of the implementation of the nuclear deal and lift of sanctions.”
President Widodo welcomed participation of Iranian companies' activities in Indonesia, particularly on construction of refineries, adding "Indonesia is also ready to develop extensive banking relations with Iran.”
http://en.mehrnews.com/news/122024/Iran-Indonesia-sign-4-cooperation-documents
Export credit for Indonesia’s power sector
Indonesia’s power grid will be boosted by eight mobile power plants, to be financed by the export credit agencies of Canada and Hungary.
In total, 500MW will be added to the grid, primarily outside of Java, in regions with low electrification rates. The finance, totalling US$435mn, comes in 12-year loans jointly funded by Export Development Canada (EDC) and the Hungarian Export-Import Bank (Hexim).
The borrower is state-owned electricity board PLN, which has been set a target of adding 35,000MW to the grid by 2019.
“These mobile power plants are expected to make electricity procurement reach Indonesia’s remote areas so the economy can grow and the 99.7% electrification ratio target in 2019 can be achieved,” says PLN communciations head I Made Suprateka.
The plants will utilise Tm2500 gas turbines made by GE. Fifteen of the 20 to be used will be made in Hungary, with the remaining five made in Canada.
CEO of Hexim Zoltán Urbán estimates that the deal will make Hungary Indonesia’s number one trading partner in the Central and Eastern European region, and that it will add more than HUF25bn to the Hungarian economy.
The details of the eight power plants are as follows: Lampung (4 x 25MW), Pontianak in West Kalimantan (4 x 25MW), Bangka (2 x 25MW) in Bangka Belitung, Riau (3 x 25MW), Belitung in Bangka Belitung (25MW), Ampenan in West Nusa Tenggara (2 x 25MW), Paya Pasir in North Sumatra (3 x 25MW) and Nias (25MW) in North Sumatra.
http://www.gtreview.com/news/asia/export-credit-for-indonesias-power-sector/
