Two foreign firms to invest $4.76 billion on mining infrastructure in East Kutai
Thursday, July 12 2012 - 02:00 AM WIB
The projects will be funded by Rhas Al Khaima, a United Arab Emirates-based coal mining company, and National Aluminium Co. (Nalco), an Indian-based manufacturer and distributor of aluminum products, East Kalimantari Governor Awang Faroek said as quoted by The Jakarta Post.
?The projects will cover constructions of a railroad, a coal terminal, a steam power plant and a smelter. All of these will be built in East Kutai regency,? Awang said.
The governor said that it had signed separate memorandums of understanding (MoU) with the companies on the projects.
Ras Al Khaima will oversee the construction of the railroad and coal terminal, while Nalco will oversee the development of the power plant and smelter.
He said that the railway project would be complete in 2014
The steam power plant is expected to produce 1,250 megawatts of electricity when operational, while the smelter will have an annual production capacity of 500,000 tons. (*)