Iran ready to participate in Indonesian power projects

EghtesadOnline: Iran is ready for investment in power sector of Indonesia which is seeking to add some 35,000 megawatts of electricity to its production capacity.

News ID: ۷۶۹۷۱۵

25 September 2016

Managing director of the country's National Power Company Soufian Basir said that his country has adopted new approaches to accelerate projects involved in the production of 35,000 megawatts of electricity.

Referring to readiness of many foreign investors to engage in building power plants in Indonesia, he said that Iran is one of the countries interested to invest in the country's power sector.

Caretaker of Indonesian Energy and Mineral Resources Ministry Luhut Binsar Pandjaitan has earlier announced Iran's interest in the country's power sector, according to IRNA.

After a meeting with Iran's Ambassador to Indonesia, Valiollah Mohammadi, he said that Iran has voiced preparedness to build a power plant with a capacity of 5,000 megawatts in the country.

Iran also intends to supply natural liquid gas needed by generators, he said.

Currently, Indonesia faces power shortage for development purposes and it has now turned into an importer of electricity after depletion of oil reserves.