Indonesian coal giant PT Adaro Energy has signed a letter of intent to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. Adaro Energy aims to build a USD 728 million aluminium smelter in a new industrial zone on Borneo Island and Adaro ENergy signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. The new estate is being developed by PT Kalimantan Industrial Park Indonesia, a group managed by Adaro's President Director Garibaldi Thohir.The park has been designated as "green" by the government owing to a proposal to power industrial activity there with electricity generated by an 11,000-megawatt hydropower station on the Kayan River. For the smelter, Adaro claimed it will collaborate with domestic and foreign partners, but did not name any.
Indonesian coal giant PT Adaro Energy has signed a letter of intent to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. Adaro Energy aims to build a USD 728 million aluminium smelter in a new industrial zone on Borneo Island and Adaro ENergy signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. The new estate is being developed by PT Kalimantan Industrial Park Indonesia, a group managed by Adaro's President Director Garibaldi Thohir.The park has been designated as "green" by the government owing to a proposal to power industrial activity there with electricity generated by an 11,000-megawatt hydropower station on the Kayan River. For the smelter, Adaro claimed it will collaborate with domestic and foreign partners, but did not name any.
