Reliance Take Over Coal Mine South Sumatra
Jakarta-Investors from India's Reliance Anil Dhirubhai Ambani (ADA) Group at glad tidings will take over the coal mines in South Sumatra (South Sumatra). In addition, Reliance Group is also planning to make investments to reach USD 10 billion.
Head of Investment Coordinating Board said Gita Wirjawan Reliance Group intends to invest in three sectors. The first one is mine. "They'll take over a coal mine in south Sumatra," said Gita at the Presidential Office, Jakarta, Wednesday (18/05/2011).
Meanwhile, the second sector, is the builder of infrastructure. Gita explains in the infrastructure sectors are sorted in two ways. "First of all related infrastructure for transporting coal to nearby resurfacing in South Sumatra," he explained.
For the second infrastructure development, Gita says Reliance Group's desire to participate in infrastructure development in Jakarta and surrounding areas. "Including Raillink between the airport railway station in Jakarta," he added.
As for the latter sector, Gita tells Reliance Group wishes to invest in power generation, whether it is in solar technology, coal and geoternmal. "They are very intent and the plan they will invest $ 5 billion-$ 10 billion could be realized if all of them also looked at the financial services and media," said Gita.
He explained, Reliance Group has become a shareholder in Dreamworks is partnering with one of the renowned director Steven Spielberg. "They also have a Bloomberg TV in India. They glanced at the entertainment sector, media and financial services is new," he said.
Gita hoping this investment can be realized immediately. He added that the Reliance Group will be headed South Sumatra tonight to meet with the governor of South Sumatra and discuss development related plans Raillink railway and airport. "We will wrap in the form of private partnerships. We have still to have discussions between the Ministry of Transportation and the Ministry of Finance," he said

