National Aluminium Company (NALCO) is considering an alternative site for its
$4 billion (approx Rs 19,200 crore) Indonesia project, which was earlier planned
to be set up in South Sumatra province. NALCO plans to set up a 5,00,000 tonne
smelter and a 1,250 MW captive power plant.
According to sources, although a site in the South Sumatra province was
selected for the project, the Indonesia Government has yet to award the
concession of the port and rail.
Construction works at the project site were expected to start in 2010. NALCO
is now considering Kalimantan area of Indonesia to set up the plant.
Pre-visibility study of this location has been completed. The company hopes to
finalise either South Sumatra or Kalimantan within next six months.
Also See:
NALCO's overseas projects delayed due to policy issues
(13-Aug-09)