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Nalco wants its Indonesia project at port site
Edited by : AL CIRCLE
2 min read
The National Aluminum Company Limited (Nalco), which is proposing to set up a smelter and captive power plant in Indonesia with an investment of Rs 16,500 crore, is yet to select a location for its aluminium complex.
"The Indian public sector major aluminium company is looking for a suitable site for setting up the plant," said Indonesian Ambassador to India Andi M Ghalib. Nalco is looking for a site nearer to a port as the unit would heavily depend on export of aluminium, he said.
Nalco has signed a non-binding MoU with the Government of Kalimantan to develop the project in East Kalimantan province of Indonesia. Since the port is far away from this location, Nalco is still on the lookout for a suitable plant site.
Nalco has proposed to set up a 0.5-million-tonne-per-annum smelter plant and a 1250-MW captive power plant in Indonesia. It has already prepared a detailed feasibility report for the project and is soon to appoint consultants for environment impact assessment and financial advisory services.
Counsellor of Embassy of the Republic of Indonesia Leonard F Hutabarat said Nalco is weighing an option to use a Malaysian port, which is nearer to Kalimantan province, for exports of its products. In that case, a tripartite agreement has to be signed with the Malaysian Government.
The Indonesian Ambassador and his Counsellor along with Educational Attaché Son Kuswadi were here on a three-day visit to Odisha. They met the State's Governor and Chief Minister and the Vice-Chancellor of the Utkal University and discussed about the investment opportunities in Indonesia. Besides the mining sector, Indonesia looks forward to investment in marine products, palm oil, rubber, wood and education, the Ambassador told the Governor and the Chief Minister. Ghalib said the India-Indonesia bilateral trade, which is now 20 billion US dollar, would reach 45 billion US dollar by 2015.
The Ambassador, who also met a delegation of the Utkal Chamber of Commerce and Industry (UCCI) led by its president, Ramesh Chandra Mohapatra, invited UCCI members to participate in the Tradeexpo Indonesia to be held in Jakarta from October 17 to 21.
"The Indian public sector major aluminium company is looking for a suitable site for setting up the plant," said Indonesian Ambassador to India Andi M Ghalib. Nalco is looking for a site nearer to a port as the unit would heavily depend on export of aluminium, he said.
Nalco has signed a non-binding MoU with the Government of Kalimantan to develop the project in East Kalimantan province of Indonesia. Since the port is far away from this location, Nalco is still on the lookout for a suitable plant site.
Nalco has proposed to set up a 0.5-million-tonne-per-annum smelter plant and a 1250-MW captive power plant in Indonesia. It has already prepared a detailed feasibility report for the project and is soon to appoint consultants for environment impact assessment and financial advisory services.
Counsellor of Embassy of the Republic of Indonesia Leonard F Hutabarat said Nalco is weighing an option to use a Malaysian port, which is nearer to Kalimantan province, for exports of its products. In that case, a tripartite agreement has to be signed with the Malaysian Government.
The Indonesian Ambassador and his Counsellor along with Educational Attaché Son Kuswadi were here on a three-day visit to Odisha. They met the State's Governor and Chief Minister and the Vice-Chancellor of the Utkal University and discussed about the investment opportunities in Indonesia. Besides the mining sector, Indonesia looks forward to investment in marine products, palm oil, rubber, wood and education, the Ambassador told the Governor and the Chief Minister. Ghalib said the India-Indonesia bilateral trade, which is now 20 billion US dollar, would reach 45 billion US dollar by 2015.
The Ambassador, who also met a delegation of the Utkal Chamber of Commerce and Industry (UCCI) led by its president, Ramesh Chandra Mohapatra, invited UCCI members to participate in the Tradeexpo Indonesia to be held in Jakarta from October 17 to 21.
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