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| INDONESIA PRESS: Hungarian Cos To Invest $4 Billion in S Sumatra |  |
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07-25-05 10:41 PM EST JAKARTA -(Dow Jones)- Hungarian companies will invest about $4 billion in power, coal mining, port and rail projects in Indonesia's South Sumatra province, the Jakarta Post reports. Hungarian investors and South Sumatra's administration signed a memorandum of understanding on the intended investment on Monday, the newspaper says. The ceremony was witnessed by visiting Hungarian Prime Minister Ferenc Gyurcsany. South Sumatra Governor Syahrial Oesman was quoted as saying that the projects include the exploration of a coal mine in Banyuasin with a proven reserve estimated around 6 billion tons, and the construction of a railroad from the coal mine to Bagan Siapi-Api port in neighboring Riau province. He said the intended coal-fired power plant would have a capacity of around 4, 000 megawatts, the newspaper reports. -By Jakarta Bureau; Dow Jones Newswires; 62-21 39831277; I-Made.Sentana® dowjones.com (END) Dow Jones Newswires 07-25-052241ET Copyright (c) 2005 Dow Jones & Company, Inc.Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved. | ||||
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