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According to the energy and mineral resources minister of Indonesia, Purnomo Yusgiantoro , the power expansion programmes of the country will provide the Indian forms with a chance for making a good investment.
According to Yusgiantoro, who was addressing a business meet in New Delhi, Indonesia, which has plans to boost the generation of electricity from the renewable sources of energy, will be rolling out 10,000 MW accelerated power expansion programme.
"More than 50 percent of electricity in the programme is proposed to be generated by independent power producers (IPPs)," he said. He also added that this will provide the Indian firms with a valuable opportunity to be a part of renewable energy projects.
"While the first 10,000 MW accelerated programme was based on coal fired-stations, the country proposes to generate 48 percent of its new power from geothermal sources, 14 percent from natural gas, 12 percent from hydro and 26 percent from coal," Yusgiantoro said.
Under a strategic partnership agreement, India and Indonesia have set a two-way trade target of $10 billion by 2010.
