REPUBLIKA.CO.ID, JAKARTA -- Head of Investment Coordinating Board (BKPM), Franky Sibarani, said investors from Australia were exploring investments in the electricity sector. Based on the meetings held by representatives of BKPM in Sydney, there were three companies who stated its interest in investing in Indonesia.

"Indonesia Investment Promotion Center (IIPC) Sydney succeeded in identifying investors that are interested in investing in the field of electricity, especially in renewable energy," said Franky, Thursday (12/11).

According to Franky, electricity is one of the main components of infrastructure to support the production process in several priority sectors, such as downstream industries, labor-intensive industries, export-oriented industries and import substitution.

"If it is realized, the electrification project will add a list of projects approved in electricity sector that has entered the construction phase of 8,800 MW with a project value of around Rp 16 trillion," said Franky.

Meanwhile, Deputy of Investment Promotion, Hima Hariyoga, added BKPM had delivered several breakthroughs of government policies including 3 hours investment services license, accelerated procedures of tax holiday and tax allowance.

In addition, BKPM also held a private meeting with the three companies interested to invest in electricity sector. Three investors came from two states in Australia, namely Tasmania and New South Wales.

Australia was ranked 12th country to realize its investment in Indonesia with an investment value of 104 million US dollars.

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