The power plant will be built on the Kayan river, Kalimantan, and will have a capacity of 7,000 megawatts.Jakarta (ANTARA News) - China Power Investment (CPI) Corp plans to invest US$17 billion in a hydro power generating project in northern part of Kalimantan.
"The power plant will be built on the Kayan river," Energy and Mineral Resources Minister Jero Wacik said after a meeting with Xia Zhong, the vice president of the Chinese state company here on Monday.
The power plant, which will have a capacity of 7,000 megawatts, will be built in five phases, Jero said.
Jero said construction of the project is expected to start in 2014 and to be completed in five years.
He said CPI is required to team up with local subs-contractors and to observe corporate social responsibility in the villages where they invest.
The project is also expected to benefit local people in the form of jobs being created,he added.
He said CPI is also interested in solar power generating projects being launched in various isolated areas in the country and investment in mineral smelters in Indonesia.
"They know Indonesia is seeking a solution to the need for smelters such as bauxite smelter," he said.
The country need more mineral smelters after mineral ore exports are banned in 2014.
CPI is one of China`s five largest state companies . It is a widely diversified corporation with business in energy, coal mining,aluminum , railway and port operations.
Earlier CPI cooperated with the Myanmar government to build the Myitsone Dam, a big dam completed in 2017.
The dam will feed a power plant with a 3,600 up to 6,000 megawatt of power to be supplied to the province Yunan.(*)
Editor: Heru Purwanto
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