REPUBLIKA.CO.ID, JAKARTA -- Government plans to speed up oil refinery construction. Investors have different requirements during this, so that the development was hampered.
Coordinating Minister for Economic Affairs, Chairul Tanjung said that government had the same reference rules to meet investors needs.
"If they have seriousness, we discuss about the demand and requirements. Oil refineries in Indonesia have different locations and also different financial condition," Tanjung said on Thursday as reported by Meiliani Fauziah.
Together with Finance ministerial officials last night, government discussed the construction of underwater cables of high voltage direct current (HVDC) along Java-Sumatra with capacity of 500 kVA. Indonesia received a loan of 2.2 billion USD from Japan International Cooperation Agency (JICA).
The project was delayed since foreign debt restriction in September 2012. JICA also becomes one of financing sources for the first and second stages of construction with a total of 1.19 billion USD.
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