Posted on 22 Aug 2008
Tata Steel eyes power plant project in Indonesia
One of the world's top steel Industry players, Tata Steel,
is considering investing in electricity generation in Indonesia, says an official.
Speaking to reporters after a meeting with Vice President
Jusuf Kalla in Jakarta
on Thursday, Tata Steel director for Southeast Asia Oo Soon Hee said the
company would carry out a feasibility study for investing in power plant
projects here as suggested by the vice president.
The plan, he said, was part of Tata's goal to invest in many
sectors in Indonesia.
The company, he said, had other expertise besides steel production such as
chemical engineering and power generation.
So far, Tata has invested in Indonesia's coal industry and is
also keen on investing in the country's largest steel manufacturing company, PT
Krakatau Steel, which is owned by the state.
Many global steel companies have stated their interest in
acquiring shares in Krakatau to the
government. However, the government decided to privatize the steel company
through launching an initial public offering in November.
