Ranhill Utilities Bhd, had received am approval from the mayor of Bandung to build, operate and transfer a water treatment plant in the Indonesia - Photo by the Company

JAKARTA (TheInsiderStories) – Malaysian company, Ranhill Utilities Bhd, had received am approval from the mayor of Bandung to build, operate and transfer a water treatment plant in the Indonesia. The operator will be involved in the operations and maintenance of the 30 million liter a day water treatment plant for 30 years.

The company will develop the plant together with local parter, PT Jasa sarana. Both parties has signed the joint venture agreement last year. The regionally – owned firm is engaged and has experienced in infrastructure including regional development.

It said, the projects included a geothermal power plant and a mini hydro power plant. In details, both will collaborating to develop Cisolok – Cisukarame Geothermal Working Area concession, mini hydro project, and Cirebon Raya Regional and Legok Nangka Regional Waste Management.

Jasa Sarana‘ part, to ensured the completion of a power purchase agreement with state-owned power producer, PT Perusahaan Listrik Negara. Currently, the regional firm has a number of projects such as Bogor Outer Ring Road on-off ram worth of Rp300 billion, Cileunyi – Sumedang – DawuanToll Road section, PT Jasa Medivest, and Kertamukti Minihidro Power Plant in Sukabumi, West Java.

No further details on the investment value of the projects, but recently Jasa Sarana get an injection of non-budget investment financing more than Rp1 trillion (US$68.96 million) will be directed to strategic projects. To spend these funds, the local entity had signed the head of agreement with PT Indonesia Commodity & Derivatives Exchange Bonded Logistics.

Recently, governor of West Java Ridwan Kamil said, the province will established four special economic zones (SEZ) in this year. The areas will take place in Sukabumi, Pangandaran, Subang and Majalengka. He adds, the investment to build the SEZs need costs around Rp80 trillion.

Beside use regional expenditure budget, West Java Government needs supporting from public investors including foreign investors. Kamil revealed, by establishing the SEZs, he hoped it can solve logistic problems in West Java. It will be also able to attract other foreign investors to invest in the province.

He expect, many foreign investors will come to West Java followed the regional government program. To that, he said, the governor’ office will offer tax incentives and government supports to build the the SEZs.

So far, Kamil claimed West Java as the most popular destination for foreign investors. It can be seen from the investment achievement in West Java that reached Rp137.5 trillion in 2019.

Ranhill is an investment holding company listed on the Malaysian bourse, engaged in the sector of water management and water supply, waste water management, and the power generation business.

US$1: Rp14,500

Written by Staff Editor, Email: theinsiderstories@gmail.com