British investors keen to invest in building solar power plant

Jakarta (ANTARA News) - British investors have expressed interest to invest in the electricity sector by building a US$250 million worth solar power plant (PLTS), with a capacity of 200 megawatts (MW).

The information was conveyed during a meeting organized by Indonesias Investment Coordinating Board (BKPM) in the United Kingdom last week to boost investment in Indonesia.

"The investors are quite serious as they have visited Indonesia and have held meetings with the relevant ministries and institutions to explore the investment plan," Head of BKPM Franky Sibarani revealed here on Monday.

According to Sibarani, the BKPM has facilitated the investors to meet the state-owned electricity company PLN, Ministry of Energy, and private companies to discuss investment opportunities, both in ground-mounted solar PV and rooftop solar PV.

"They are identifying potential areas to build a PLTS such as in North Sulawesi, West Kalimantan, South Kalimantan and East Kalimantan, as well as East Nusa Tenggara and West Nusa Tenggara," he explained.

Sibarani pointed out that the BKPM is committed to supporting the realization of the investment plan and making it a pilot project for investment in the field of renewable energy.

He noted that the BKPM will facilitate investors in obtaining a license and an investment in the region.

Franky also highlighted the steps taken by the government to encourage investment in the electricity sector, one of which is the simplification of licensing procedures and tax allowance for investment in the electricity sector.(*)

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