China Aluminium Network
National Aluminium Company to invest $4 bn in Indonesia
Edited by : AL CIRCLE
1 min read
India's state-run National Aluminium Co Ltd (NALCO) will invest $4 billion in an aluminium smelter and power plant in Indonesia's East Kalimantan province, Indonesia's trade minister said on Tuesday.
The smelter will have annual capacity of 500,000 tonnes, Indonesian Trade Minister Mari Pangestu told a news conference after talks with his Indian counterpart, Anand Sharma.
In late July, NALCO, India's third-largest aluminum maker, said it was in talks with Indonesian state-run mining company PT Antam for setting up a 500,000-tonne aluminum smelter and a 1,260 megawatts captive power plant.
The smelter will have annual capacity of 500,000 tonnes, Indonesian Trade Minister Mari Pangestu told a news conference after talks with his Indian counterpart, Anand Sharma.
In late July, NALCO, India's third-largest aluminum maker, said it was in talks with Indonesian state-run mining company PT Antam for setting up a 500,000-tonne aluminum smelter and a 1,260 megawatts captive power plant.
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