The total investment for the two projects is estimated at $400-$600 million, he said.
The government will also open bidding for the construction of a 450-MW coal-fired power plant in Cilegon, around 100km west of the country’s capital of Jakarta, according to Parno Isworo, finance director of state-owned power company PT Perusahaan Listrik Negara . The investment for the power project is estimated around $500 million.
Indonesia is inviting investors to upgrade the country’s infrastructure to expedite the recovery of its economy from the Asian currency crisis in the late 1990s.