General Electric plans $1 billion investment in Indonesia
The announcement was made on the sidelines of a meeting between the President of Indonesia Joko Widodo and the President of United States of America Barack Obama.
The investment will be made in tandem with GE’s participation in the country’s infrastructure build-out.
Indonesia has set an ambitious goal to increase power generation capacity by 35 GW by 2019.
To facilitate achieving this goal, GE will bring its latest technology and will partner with local companies to expand their manufacturing and assembly capabilities, as well as enhance repair and service capabilities in country. In addition, GE will help build Indonesia’s human capital through technical and leadership training programs. ■