ASEAN KEY DESTINATIONS
Coal India to invest $3 billion in Indonesia
Narang said on the sidelines of an infrastructure summit in Jakarta that Coal India was expected to complete feasibility studies in June in order to know what coal reserves they could develop.
“[Coal India] will prepare all the funds for the projects,” Narang said, adding that the parties had signed a preliminary agreement earlier this year.
However, the lack of a regulatory framework on land acquisition has made a lot of Indonesian projects uncertain, analysts and investors said during the three-day summit. Central Kalimantan province has about 4.8 billion tons of coal reserves and coking coal is estimated to represent around 40 percent of that.
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