The agreement to cooperate in the development of the power plants in the eastern part of Indonesia was concluded by Indonesian firm PT 1945 Nuswantara Investama and its Chinese counterpart Fire Energy.
PT 1945 Nuswantara Investama President Director Romy Soekarno and Fire Energy Director John Liu signed the agreement here on Saturday, witnessed by Indonesian Ambassador to China and Mongolia Imron Cotan.
In the Memorandum of Understanding both sides agreed to develop ecogreen renewable energy in Indonesia, particularly in the eastern part of Indonesia. The project would be developed with a 10 MW capacity using solar energy technology.
Both sides also agreed to follow up on the MoU with a technical cooperation and exchange of information on the planned cooperation project.
As regards, a delegation of Fire Energy will in the near future visit the Indonesian eastern region to see the land being offered by PT 1945 Nuswantara Investama.
Romy Soekarno said with an investment worth US$40 million, the two companies would develop solar-powered energy plants in various parts of Indonesian eastern region. In the first phase, the plant would be built in the Indonesian tourist resort island of Bali.
PT 1945 Nuswantara Investama is an Indonesian national company doing business in financial investment, technology and foreign products.
Fire Energy is a Chinese corporation which is active in the development of solar energy business.
Besides on solar energy development project, the two sides also agreed to realize the idea to hold a "Solar Summit" in Bali in March 2013.
"The Solar Summit is expected to discuss solar energy conversion," Romy said.
In the meantime, Indonesia will also hold the largest single exhibition of tourism, crafts and natural resources in Guangzhou, China, on November 1-4, 2012.
"This will be the largest single Indonesian exhibition to be held in China," Indonesian interim consulate general in Guangzhou Gantosari Tanjung said here on Sunday.
Around 120 booths will be provided in the exhibition themed "Ina Fair", he said.
"We will present several world-class tourism destinations by applying sophisticated audio-visual technology in the exhibition," he said.
Moreover, the exhibition will also serve as a means to offer investment and trade opportunities to visitors, he said.
Tanjung said the exhibition will be held at Yiwu International Trade Center covering an area of 5,000 square meters.
The exhibition venue will be divided into 10 zones, namely Wonderful History, Nature and Beauty, Wonderful Culinary, Wonderful Destination, Wonderful Resources, Wonderful Craft, Wonderful Indonesia, Wonderful Batik and Wonderful Culture and Entrance. (A014/S012)