| Reliance Power set up a coal investment of U.S. $ 5 billion |
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| Tuesday, 24 August 2010 12:27 | |||||||
Page 1 of 2 JAKARTA:
Reliance Power Ltd, India's energy company, is ready to realize its
investment worth U.S. $ 5 billion for projects to rail transport of coal
and develop three regionscoal mine in South Sumatra. Reliance Power target is able to produce coal with a capacity of 50 million tonnes per annum in the next five years in the three mining areas in South Sumatra. To facilitate distribution, Reliance will build a railway line along the 230 km from the center of production in Batanghari through and ended at the Muara Jambi Sabak by building Kampang Sea port. Rail and port forward it can be used to distribute various commodities including palm oil, not just coal. Investment commitment was made directly by Prasad Chalasani Jayarama Reliance Power to Vice President Boediono, in a limited meeting this morning. Yopie Hidayat, spokesman of Vice President, said the investment would soon be realized as soon as possible to support the energy needs domestically and for export. "Mr Vice President responded well these plans. In fact, Mr. Vice President also led Reliance to build several power plants, not only to build its infrastructure, "he said. According Yopie, Reliance Power states capable of producing electricity at a cost that is more economical in India, so the vice president asked them to also follow power project in Indonesia. Reliance Power is currently working on power plants with a capacity of 35 000 megawatts in India. Reliance Power is a subsidiary of Anil Dhirubhai Ambani (ADA) Group, one giant business groups in India are working on a variety of industry sectors ranging from energy, infrastructure, telekonomikasi, financially to the media, and film. ADA Group's market capitalization as of 16 August 2010 amounted to U.S. $ 26 billion. Yopie said Indonesia currently require a lot of infrastructure to transport coal to the location of the source distribution with the point that cheap and quick transportation. During this time, the distribution of coal has traditionally done a lot through the river that many face obstacles. By: A. Dadan Muhanda
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