Bloomberg News

Sumitomo May Invest More Than $7 Billion in Indonesian Projects

February 07, 2012

Feb. 7 (Bloomberg) -- Sumitomo Corp. may invest more than $7 billion on various energy-related projects in Indonesia, Jero Wacik, the nation’s energy minister, said in Jakarta today.

Sumitomo plans to invest in a number of power plant projects and a floating storage and regasification unit, Wacik told reporters.

To contact the reporter on this story: Agus Suhana at asuhana1@bloomberg.net

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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