Japanese shifting their investments to RI from China

Japanese investors are beginning to move their investments from China to the ASEAN (Association of Southeast Asian Nations) countries, especially Indonesia, the Bisnis Indonesia newspaper reported in its Tuesday edition.

They are interested in power plants -- Tanjung Jati A coal fired power plant, with outstanding amount of 141.2 billion yen, Tanjung jati B coal fired power plant, with outstanding amount of 58 billion yen, Cilegon gas combine cycled power plant, with outstanding amount of 12.1 billion yen, and future power plant projects with cooperation of the state-owned oil and gas company PT Pertamina, Paiton III coal-fired power plant and Tanjung Jati C.

Beside power plants projects,the Japanese investors under the Nippon Export and Investment Insurance (Nexi) also want to invest in TPPI (Tuban) petrochemical factory and TPPI (Tuban) aromatique fasilities.

This was disclosed by Nippon Export and Investment Insurance (Nexi) chairperson Konno Hidohiro during a meeting with the Minister of Energy and Mineral Resources Purnomo Yusgiantoro in Jakarta on Monday.

Konno said these projects have big potential in the future and they will draw the attention of the Japanese investors.

"Indonesia is a promising place for Japanese investors," Konno said.(godang/dino)