Indonesia dangles cheaper energy to lure billions in investmentA worker uses the tapping process to separate nickel ore from other elements at a nickel processing plant in Sorowako, South Sulawesi Province, Indonesia March 1, 2012. (Reuters file photo)JAKARTA: Indonesia is touting an abundance of low-cost renewable energy to lure billions of dollars in investment Southeast Asia’s largest economy needs to build processing plants for commodities such as nickel, copper and aluminium. We’d like to maximize the use of this energy” to keep Indonesia less polluted as well, he said. “Don’t misunderstand that we are going to close our country to foreign direct investment,” Pandjaitan said. “Our priority is to get foreign direct investment in Indonesia.”The move to shun nickel ore exports has had some success in drawing foreign investment into stainless steel, electric batteries and vehicles.

Source: Bangkok Post December 04, 2019 08:26 UTC