Indian power utility Reliance Power is considering investing as much as $5 billion in Indonesia, a spokesman for Indonesia's vice president said on Tuesday. Reliance Power's chief executive, J.P. Chalasani, met Indonesia's Vice President Boediono in Jakarta to discuss investment in the southern part of Sumatra island, said Boediono's spokesman, Yopie Hidayat. "Reliance is involved in several projects, including railway and developing a coal mine in South Sumatra. The investment is estimated at $5 billion," Hidayat said.
He said Reliance Power plans to produce 50 million tonnes coal a year within five years from mines in South Sumatra province and plans a 230-kilometre railway that will link its coal operations in Batang Hari, South Sumatra, to a port in Jambi. Hidayat gave no further details.
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