Wednesday, September 5, 2007

[PBN] Indonesia: investment into Jatropha plantations


Big potential of E. Nusa Tenggara biofuel plantation attracts Israeli

Kupang, East Nusa Tenggara (ANTARA News) - Jatropha curcas linn trees
raised in East Nusatenggara have a big potential causing an Israeli
investor Merhavv Group to decide to invest US$700 million in the
province, an Indonesian entrepreneur said.

"East Nusatenggara is suitable for the raising of jatropha curcas linn
so that Merhavv Group is ready to make a big-scale investment in biofuel
producing plantations," Indonesian private firm PT Mahattan director
Sudiro Andiwiguna said here Sunday.

Merhavv Group is prepared for a project to develop jatropha curcas into
biofuel in Sulamu in Kupang district, he said after visiting the area.

Sudiro and Merhavv Group director Gideon Weinstein and two other Israeli
businessmen, namely Jacgues Eshel and Yosef Ziv visited the jatropha
curcas linn plantation in Sulamu on Friday.

The Merhavv Group representatives met with Kupang district head Ibrahim
A. Medah also on Friday to discuss the plan.

The Kupang district administration has developed a biofuel plantation on
50,000 ha of land in Sulamu since 2006.

Sudiro said the investment of $700 million would also be used to manage
100,000 ha of jatropha curcas linn plantation in East Sumba district.

PT Manhattan Capital has told the agriculture minister and the energy
and mineral resources minister about the program, he said adding that it
will also work together with state agro firm PT Rajawali Nusantara
Indonesia (RNI) to develop the jatropha curcas linn plant into biofuel
in East Nusatenggara.

Meanwhile, Merhavv Group director Gideon Weinstein said his part
certainly needed a large port for smooth investment.

In the meeting with Kupang district head Ibrahim A. Medah, Weinstein
said his company needed a port which would be built on five hectares of

Ibrahim said the Kupang district administration would hold a meeting
with the relevant agencies building the port in Sulamu area. (*)

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