KBEONLINE.ID - The Karawang Regency Government (Pemkab) has an investment realization target of IDR 42.7 trillion in 2024. This value has increased compared to the investment realization target in 2023 which was IDR 40.06 trillion. The Karawang Regency Government, through the Karawang Regency Investment and One-Stop Integrated Services Service (DPMPTSP), has prepared several potential investment plans that will enter in 2024. Coordinator of the Investment Substance Group, DPMPTSP Karawang Regency, Didin Bihalaludin, said that this year the Karawang Regency Government will prioritize investors in the residential sector, green energy-based industries and technology development in the agricultural and plantation sectors. He explained, in 2024, there will be a company operating in the field of making paper, pulp and packaging paper that uses the latest technology in waste processing and environmentally friendly energy use. This company is one of the issuers of the Sinarmas Group, namely, PT Indah Kiat Pulp & Paper Tbk (INKP) with investment plans reaching IDR 41.1 trillion. "The total investment value of PT Indah Kiat Pulp & Paper Tbk is IDR 59 trillion. However, the work will be carried out in stages and will start in 2023. "Meanwhile, in 2024, it is planned to enter the stage of procuring domestic machines amounting to IDR 9.6 trillion and imported machines IDR 31.5 trillion," explained Didin, Monday, 1/4/2024. He hopes that PT Indah Kiat Pulp & Paper Tbk's investment plan can be realized in 2024, so that the investment value of foreign direct investment (PMA) can increase. "We hope that PMA investment can increase, but we will also continue to increase domestic investment (PMDN)," concluded Didin. Apart from that, he said, his party also predicts that they will receive investment from the Jakarta-Cikampek (Japek) II Toll Road project amounting to IDR 2 trillion. "Until now, the construction has only reached Curug, the plan is that the construction of the Japek II Toll Road will continue and will pass through the Karawang Regency area, to be precise in Citaman Village, Tamansari Village, Pangkalan District. "We hope that investment can reach up to IDR 2 trillion," explained Didin. Didin explained that Karawang Regency is a comfortable area for investors, because it has a Detailed Regency Spatial Planning Plan (RDTR), there are several locations spread across four sub-districts which are favorite investment locations for investors. So investors can choose a location according to their investment plans. The four locations are East Telukjambe, Ciampel, Klari and Purwasari Districts "We have several industrial areas that are very adequate and access roads between areas that are easy to pass," said Didin. He emphasized that his party is very optimistic that Karawang Regency can achieve the 2024 investment realization target set by the West Java Provincial Government. "Even though the investment realization target given to us is higher than last year, we are confident that we can achieve this value of IDR 42.7 trillion well. "We also continue to monitor investment plans entering the OSS," said Didin. It is known that in 2023, the Karawang Regency Government succeeded in achieving investment realization of up to IDR 45.8 trillion, consisting of foreign investment of IDR 40.2 trillion and IDR 5.6 trillion of domestic investment (PMDN). This achievement exceeded the target that had been set, namely IDR 40.6 trillion. This brings Karawang Regency to the second highest investment position in West Java Province. (SOURCE)
Apr, 02 2024
PPS - The Jatigede Ring Road section from Darmaraja-Wado has begun repairs and is targeted for completion before Eid. "Good news for residents of the Darmaraja-Wado community. The Jatigede Ring Road for the Darmaraja-Wado section has begun to be surveyed and next week it will be repaired," said Acting. Regent of Sumedang, Herman Suryatman, Sunday (31/3/2024). He said that the improvement of the Darmaraja-Wado road was the result of synergy between the West Java Provincial Government and the Sumedang Regency Regional Government. "This is a form of synergy between the Regional Government, district and province," he said. He also targets that before Eid, the road section has been repaired and can be used for homecoming. "God willing, before Eid, the road work will be completed and it can be used for homecoming trips to the Sumedang area, especially those going home to Darmaraja, Wado and Jatinunggal. We ask for prayers from the people of Sumedang," he said. He added that the road infrastructure development for Wado District from the 2024 APBD reached IDR 1.8 billion. "The budget includes rehabilitation of the Pasirpadang-Ganjaresik road section Rp. 1.36 billion, improvement of the Buter-Sukanyiru road Rp. 309 million more and reconstruction of the Ciheulang-Galemo strategic road section (TPT and drainage channels) Rp. 135 million more," he said. Meanwhile, Herman continued, the total allocation for road construction or maintenance in 2024 for Sumedang Regency is IDR. 57.732 billion. "The target percentage level for the condition of the Regency's roads, which means good and moderately damaged, in 2024 is 91.5 percent. After previously reaching 88.24% in 2023," explained Acting. Regent. [*] (SOURCE)
Apr, 01 2024
REPUBLIKA.CO.ID, BANDUNG--- West Java Province (Jabar) is still a favorite investment destination in Indonesia. Not only the manufacturing, textile and infrastructure sectors, but also the agribusiness sector. Because, if you look at the geographical location, the southern part of West Java is a suitable area for agribusiness development. The area which is now called Arumanis has unique natural resources and is more varied than other areas in West Java. According to the Head of the West Java Province Integrated Investment and Licensing Service (DPMPTSP), Nining Yulistiani, the West Java Provincial Government (Pemprov) has divided development in Arumanis into three themes or clusters. For the agribusiness sector there are Ciamis, Cianjur and Garut. Then, he said, for fisheries and marine affairs there are Pangandaran, Sukabumi, Cianjur, Garut and Tasikmalaya. Then Tourism in Pangandaran and Sukabumi. The Arumanis region, which consists of Sukabumi, Cianjur, Garut, Tasikmalaya, Ciamis and Pangandaran regencies, is considered a suitable area for the agribusiness sector. Because the morphology of this area is rich in plantation land and mountains. The commodities produced also vary. "We are optimistic that we will be able to achieve the investment target in 2024," Nining told reporters this weekend. According to Nining, his party is optimistic that this year's investment target will be achieved, because in 2023 West Java investment realization will reach IDR 210.6 trillion, above the target given of IDR 188 trillion. Moreover, the Arumanis area and the Rebana area in the northern part of West Java have both experienced an increase in the last few years. From 2021 to 2023, total investment in the Rebana Metropolitan area will reach IDR 50.11 trillion. Meanwhile in the Arumanis area it is valued at IDR 27.3 trillion. "West Java has huge investment potential for the agribusiness sector, especially in the Southern West Java region," he said. What's more, he said, according to Presidential Regulation No. 87 of 2021, the Southern part of West Java is directed at developing investment in the agribusiness, maritime or fisheries and tourism sectors. Based on data released by the West Java Provincial Government, until 2022, this is a commodity that can be optimized for investment in the agribusiness sector in southern West Java. Namely, Palm Sugar (Tasikmalaya and Cianjur) with a land area of 14 thousand hectares and production of 38.5 thousand tons/year, Chocolate Beans (Garut and Ciamis) 239 thousand tons/year, Rubber (Pangandaran and Sukabumi) 353 thousand tons/year, Coffee (Garut, Pangandaran), Coconut (Garut, Pangandaran, Tasikmalaya) land area reaches 154.4 thousand hectares and production is 22 thousand tons/year, Corn (Garut and Cianjur), Mangosteen (Pangandaran, Ciamis, Sukabumi, Garut) and Rice organic (Ciamis, Pangandaran). (SOURCE)
Apr, 01 2024
Jakarta – Grant Thornton Indonesia in its report Unraveling Indonesia Prospects in 2024 stated that there are five provinces that will be the center of attention in 2024. The five provinces include North Maluku, Central Sulawesi, East Kalimantan, West Java and Riau. Grant Thornton Indonesia CEO Johanna Gani said that each province has a unique and promising economic landscape, and offers a variety of investment opportunities in the country. Joanna added that this report also provides an in-depth picture of economic conditions amidst global uncertainty and highlights the promising investment potential in the five leading provinces above. "Even though President Joko Widodo's change of leadership has created a wait-and-see attitude among some investors, Indonesia is still able to attract the interest of foreign investors. "Government infrastructure projects, development of the Indonesian Capital City (IKN) and consistent business-friendly policies," said Johanna in a press conference, Wednesday 27 March 2024. In the report, North Maluku was named as the province with the largest investment interest. The reason is, North Maluku is the largest nickel producer in Indonesia. North Maluku also recorded the fastest growth in Indonesia boasting gross domestic product (GDP) growth of 20.5 percent in 2023 driven by the nickel industry. “Investment in nickel mining and related manufacturing offers access to a rapidly growing market driven by global EV (electric vehicle) demand. Coupled with green initiatives, the market also offers a long-term sustainability commitment,” he explained. Then, Central Sulawesi is also another source of nickel. As the highest recipient of FDI in Indonesia, Central Sulawesi offers attractive opportunities for sustainable growth for investors seeking exposure to Indonesia's dynamic nickel landscape. East Kalimantan, is said to be a province that can offer double profits for investors in 2024. Its economy is strong, driven by mining, manufacturing and natural resources. "Now, transformational IKN projects add unprecedented potential, attracting investment in infrastructure, environmentally friendly technology and others," he said. Meanwhile, West Java, which is the manufacturing center in Indonesia, offers investors a proven track record and extraordinary electric vehicle potential. "West Java has become a major competitor and a manufacturing center accounting for 42.9 percent of GDP. West Java now also has rapidly growing electric vehicle battery production," added Johanna. Finally, Riau offers fertile ground for investors looking for sustainable profits in the agribusiness sector. As the largest CPO producer in the country, producing 20 percent of national production, Riau presents unique opportunities in processing palm oil and downstreaming its derivative products. “This growing sector, as well as a diversified economy in the fields of agriculture and mining. "Riau promises stable growth with projected GDP growth of 4.0-4.8 percent in 2024," he concluded. (*) (SOURCE)
Apr, 01 2024
DAILY DISWAY - Minister of Investment/Head of the Investment Coordinating Board Bahlil Lahadalia is confident that the 2024 presidential election will be held in one round. That's why he also believes that the conducive political situation will enable Indonesian investment this year to reach the target of IDR 1,650 trillion. So, Indonesia can achieve economic growth of above 5 percent. "Hopefully what the KPU decides can only last one round. "Because we see that the difference is very large, but we are waiting for the KPU's decision," said Bahlil at the 2024 Post-Election Investment Prospects press conference at his office, Monday, March 18 2024. Of the total investment target, Bahlil detailed that Foreign Direct Investment (PMA) remains the same as last year. Namely a minimum of 52 percent. This is because the global economy has not yet recovered and stabilized. Moreover, the current geopolitical situation is still characterized by tension in the Middle East. Also Ukraine and Russia where there are still no signs of recovery. So, many countries are already experiencing a recession. Bahlil reported that investment realization from January to December 2023 reached IDR 1,418.9 trillion. This figure was recorded as 101.3 percent of the target set at IDR 1,400 trillion. The investment realization achievement consisted of PMA of IDR 744 trillion or 52.4 percent of the target. Then, another 47.6 percent was Domestic Investment (PMDN) or IDR 674.9 trillion. And the largest investment realization occurred outside Java with achievements reaching IDR 730.8 trillion or 51.5 percent of the target. Meanwhile, realization on the island of Java was recorded at 48.5 percent or reaching IDR 688.1 trillion. Of this total investment, it has absorbed 1.8 million Indonesian Workers (TKI). Bahlil also resolved stalled investments. Namely IDR 558.7 trillion or around 78.9 percent of the total IDR 708 trillion. The remaining amount, amounting to IDR 149.3 trillion, said Bahlil, was difficult to complete due to a number of obstacles."We can no longer make improvements. This is because it can no longer be executed, due to the companies experiencing internal difficulties," he said. Furthermore, he explained various positive developments in the realization of other investments. Among them is the PT Lotte Chemical Indonesia factory in Cilegon with an investment of IDR 59.4 trillion. This investment is the result of completion of stalled investment since 2016. Now the progress of investment realization has reached 85 percent. It is estimated that production will start this year. The resulting products will be import substitutes. The composition is 70 percent for domestic needs and 30 percent for exports. Bahlil then emphasized that his party was accelerating the revision of Government Regulation (PP) number 96 of 2021 concerning the Implementation of Mineral and Coal Mining Business Activities. If the regulations are complete, Bahlil said, the government will increase its shares in PT Freeport Indonesia (PTFI) by 10%. From the previous 51% to 61%. The revision of PP 96 was brought to a Limited Meeting (Ratas) with the President of the Republic of Indonesia Joko Widodo some time ago. With this revision, said Bahlil, there will be adjustments and acceleration in the framework of sustainable investment. "If that happens and the potential for additional Freeport shares in Indonesia becomes 61 percent, it means that Freeport no longer belongs to someone else, but already belongs to us," he said. Under the current regulations, a new contract extension can be submitted no sooner than 5 years before the contract ends. And no later than 1 year before the contract ends. "We changed it because it is integrated with the smelter," he explained. Apart from that reason, specifically for PT Freeport Indonesia (PTFI), for example, applications for contract extensions can be made immediately. Remembering that there must be certainty regarding investment. Especially for carrying out production at the company's mines. "In 2035, Freeport's production will start to decline, while we will explore underground for at least 10 years," continued Bahlil. So, he said, if we start thinking about extending it until 2035, there will be a vacuum of approximately 5-10 years. (SOURCE)
Mar, 21 2024
Jakarta, March 9 2024 – As clear proof that downstream nickel is not just a discourse, the Ministry of Investment/Investment Coordinating Board (BKPM) ensures that Indonesia is ready to record new history in the automotive industry with the start of mass production of the first electric vehicle batteries in this country. PT Hyundai LG Indonesia (HLI) Green Power, based in Karawang, West Java, will start commercial production of electric vehicle batteries in April 2024. This momentum not only marks Indonesia as the first electric vehicle battery cell producer in Southeast Asia, but also confirms The Indonesian Government's commitment to support the electric vehicle battery ecosystem development project (grand package) worth USD9.8 billion or IDR 142 trillion. During her visit to PT HLI Green Power on February 21 2024, Special Staff of the Ministry of Investment/Investment Coordinating Board (BKPM) Tina Talisa emphasized that under the leadership of President Joko Widodo, the government wants to focus on developing downstreaming. Therefore, the government paid special attention after the groundbreaking was carried out in September 2021. “Downstreaming is a way to create added value from Indonesia's abundant natural resources, one of which is nickel. So, we then make this nickel process integrated from upstream to downstream, that's why there is the world's first integrated electric vehicle battery investment with a grand package of USD 9.8 billion. "So it is integrated from the upstream of the mine, then to the smelter, then refining, processing, precursor, cathode, then into battery cells," said Tina. Tina also added that the production of electric vehicle battery cells will make Indonesia the first country to produce electric vehicle battery cells in Southeast Asia to use the latest technology from LG. The implication is that the young Indonesian workers absorbed in this project will also become the first electric vehicle engineers in Southeast Asia. Tina also expressed her hope that downstreaming would be able to create a workforce that is properly absorbed in the sense of having high skills so that the income is higher and able to bring Indonesia out of the middle income trap. President Director of PT HLI Green Power Hong Woo Pyoung stated HLI's readiness to carry out mass production. Apart from that, Hong also revealed that the electric vehicle battery industry in Indonesia will be able to produce pioneering young engineers who have the ability to manufacture electric car battery cells. "We have been preparing everything since September 2023. We are ready to carry out mass production in April 2024. We have also trained engineers from Indonesia for a year and we will continue to provide training. They are very smart, diligent and competent. "We are very proud of the engineers from Indonesia," said Hong Woo Pyoung. PT HLI Green Power is a joint venture company between Hyundai Motor Company, LG Energy Solution, and PT Indonesia Battery Corporation (IBC). PT HLI Green Power's investment is a follow-up to the signing of a Memorandum of Understanding (MoU) between the Ministry of Investment/BKPM and the Hyundai, LG and IBC Consortium on July 28 2021. Furthermore, in September 2023, President Joko Widodo visited PT HLI Green Power to carry out direct inspection of the process and results of electric vehicle battery cell production. In the first phase, PT HLI absorbed an investment of USD 1.1 billion and had a production capacity of 10 gigawatt/hour (GWh), consisting of 32.6 million battery cells which could produce approximately 150,000 electric vehicles. In the second phase, expected in 2025, PT HLI plans to increase production capacity to 20 GWh. (SOURCE)
Mar, 21 2024
According to data from the Investment Coordinating Board (BKPM), throughout 2023 Indonesia will receive foreign investment realization of around US$50.27 billion. The largest portion of foreign investment (PMA) went to West Java, with a value of US$8.28 billion or 16.5% of the total FDI. Apart from West Java, other provinces in the top 3 are Central Sulawesi and North Maluku with details of PMA values as shown in the graph. Meanwhile, according to Katadata Insight Center (KIC) and Grant Thornton, the top 3 provinces on this list have benefited from foreign investment related to the electric vehicle industry. In the Unraveling Indonesia's Prospects in 2024 report, KIC-Grant Thornton said there were several battery factories being developed in West Java. "One of them is the PT HKML Battery Indonesia factory in Karawang, which is one of the largest electric vehicle battery producers in Southeast Asia," they said. KIC-Grant Thornton also said that foreign investment in Central Sulawesi and North Maluku mainly goes into the nickel sector, a raw material for making batteries. "Because nickel is a key strategic sector, North Maluku is likely to continue to benefit from development of this sector in the medium and long term," wrote KIC-Grant Thornton in its report. "Similar to North Maluku, Central Sulawesi has also benefited from large investments in nickel mining and related manufacturing activities," they said. (SOURCE)
Mar, 14 2024
Bisnis.com, BANDUNG — Central Java Province has learned a lot from West Java's success in attracting foreign investment (PMA). Head of the West Java Province One Stop Integrated Investment and Licensing Service (DPMPTSP) Nining Yuliastiani said he was sharing the success story of how West Java Province has always excelled in realizing investment in Indonesia. According to him, the story was conveyed during the Central Java Keris High Level Meeting activity which was initiated by Bank Indonesia Central Java Representative Office in the P0.11 Hotel Ballroom. Youth No. I 18 Semarang, last Thursday (7/3/2024). West Java Province is still the main destination for investors investing in Indonesia, this is shown by the investment realization value of West Java which is always ranked first nationally. "In 2023, the realization of foreign investment in West Java will reach IDR 122.6 trillion or around 16.5% of the realization of national FDI," he said, quoted Monday (11/3/2024). In 2023, FDI investment in West Java will amount to IDR 122.6 trillion, where Japan will be the country with the highest investment in West Java with an investment value of IDR 26.65 trillion. "Japan is the country with the most investment projects in West Java with a total of 6,908 projects," he said. Apart from Central Java, West Java last week also visited the East Java Province PMPTSP Service, this visit was in the context of exchanging ideas and discussions regarding licensing and investment. "We believe that in this process we need to learn many things so that in the future we don't take the wrong steps, so this discussion will certainly provide new insights for both West Java and East Java Provinces," he said. (SOURCE)
Mar, 14 2024
Denpasar City -- The Regional Government of West Java Province (Pemdaprov Jabar) succeeded in winning the 2024 Best Use of Domestic Products (P2DN) Award in the Provincial Government Category together with the Provincial Governments of DKI Jakarta and Lampung. The award was handed over directly by the Indonesian Minister of Industry Agus Gumiwang Kartasasmita to the Head of the Goods and Services Procurement Bureau Gandjar Yudniarsa representing the Acting Governor of West Java Bey Machmudin, witnessed by the Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan and the Indonesian Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno, Thursday (7/3/2024). "Thank God, thanks to our efforts and hard work towards the Use of Domestic Products, this year West Java succeeded in getting the P2DN Award for the achievement of domestic product spending in the 2023 budget year. Thank you to all regional officials who have committed and realized government spending on domestic products. country," said Gandjar. The P2DN Award Awarding Activity was the end of a series of events as well as the closing of the 2024 Business Matching Activity for Shopping for Domestic Products organized by the Indonesian Ministry of Industry in collaboration with the Indonesian Ministry of Education, Culture, Research and Technology which took place at The Meru Sanur, Bali on Monday-Thursday (4- 7/3/2024). (SOURCE)
Mar, 14 2024
LENGKONG, AYOBANDUNG.COM - Built for IDR 800 billion, these twin tunnels in West Java look like the Teletubbies' house. Netizens, especially children of the 90s, are definitely familiar with the Teletubbies characters. Hearing the word Teletubbies, some people will immediately remember the unique shape of the outside of their house. Two new tunnel infrastructures in West Java apparently have a shape that at first glance resembles the Teletubbies' house. The Cisumdawu Tunnel is a magnificent piece of infrastructure in West Java that was built to overcome the severe traffic congestion around the area. This tunnel itself is part of the infrastructure of the Cileunyi-Sumedang-Dawuan Toll Road (Cisumdawu Toll Road). It is known that the construction of these twin tunnels cost quite a bit, namely IDR 800 billion. This value is only about 10% of the costs required after choosing to split the hill. This tunnel is in a section and has a length of 472 meters that penetrates Cilengsar Hill. Rancakalong Village, Sumedang, West Java. Meanwhile, the cost to build the Cisumdawu Toll Road with a total length of 61,675 km requires an investment of IDR 14 trillion. Not only that, the presence of the Cisumdawu Toll Road is also expected to trigger economic growth in the surrounding area. By speeding up the flow of transportation of goods and people, this tunnel opens up new opportunities for business development and investment in West Java (SOURCE)
Feb, 27 2024
Bisnis.com, GARUT - The Garut Regency Investment and Integrated Services Service (DPMPT) stated that leather goods and footwear are one of the largest contributing industries to investment realization in Garut Regency, West Java. Last year, this sector contributed IDR 137.6 billion. Meanwhile, the total investment realization in Garut Regency was IDR 1.35 trillion. Head of DPMPT Garut Wahyudijaya said this large contribution was supported by the existence of a leather craft center in the Sukaregang area and the establishment of a number of footwear industries in the northern region of Garut. "The second largest is the textile industry with a total of IDR 129 billion. The remaining amount is just under IDR 40 billion. This means that the leather industry still has the opportunity to continue to rise. This has been happening for a long time," said Wahyudijaya to Bisnis.com, Monday (26/2/2024 ). Even though it still relies on the leather and footwear industry, the Garut Regency Government still hopes for other labor-intensive industries. The industrial areas of Selaawi, Limbangan and Cibatu districts have been prepared. "Garut also wants to be like other regions that are also being looked at by investors, such as Karawang," he said. The Garut Regency Government is targeting an investment of IDR 1.5 trillion in 2024. Last year, investment realization in one area of South West Java was only able to reach IDR 1.35 trillion. Previously, the Ministry of Cooperatives and SMEs (MenKopUKM) encouraged Garut to become a 'mecca' for leather fashion. Currently, the district already has a Leather Commodity Joint Production House (RPB). Coordinating Minister for Small and Medium Enterprises Teten Masduki said that the existence of leather crafts in Garut has been around for hundreds of years. However, in terms of quality, local products still have difficulty penetrating foreign markets such as Italy. According to Teten, in Italy craftsmen have been able to develop machine technology as a means of production. Meanwhile, the majority in Garut still rely on traditional tools. "We hope that Garut will become a center for developing the leather ecosystem in Garut Regency. "So, Garut leather products can be famous internationally and Garut leather brands can rise in class," said Teten. (SOURCE)
Feb, 27 2024
Garut (ANTARA) - The Garut Regency Government, West Java, recorded that the investment realization value in the region during 2023 reached IDR 1.35 trillion, exceeding the target figure of IDR 1.2 trillion from growth in domestic investment activity and foreign capital in the industrial and other sectors. "The investment realization target in 2023 is IDR 1,260,000,000,000, the investment realization in 2023 is IDR 1,356,704,352,791, the realization value is 107.67 percent," said the Head of the Garut Regency Investment and Integrated Services Service (DPMPT), Wahyudijaya in Garut, Monday. He said that investment achievements continued to increase every year, the investment target in 2022 was IDR 1.2 trillion, then in 2023 the target was still the same and the results turned out to exceed the target achievement. The total number of projects based on the Investment Activity Report (LKPM) in Garut, said Wahyudijaya, is 1,025 projects consisting of 97 foreign investment projects and 928 domestic investment projects. He said that of the total 1,025 investment projects, only half delivered value Investment realization was 510 projects, the remaining 515 projects had not yet submitted investment realization value. "The remaining 515 projects have not submitted their investment realization value in the year 2023," he said. He said that as many as 97 projects from foreign investment had an investment value of IDR 354,752,752,791 consisting of 12 countries, namely Singapore, Japan, the Netherlands, Hong Kong, Western Samoa, South Korea, Taiwan, France, China, Samoa, America, Qatar and the UK. The largest domestic investment is PT Jakarta Intiland with an investment value of IDR 68,230,900,000, namely building a hotel, parking facilities and shopping center in Garut City. "The largest number of projects came from Singapore with 18 projects, and the largest investment value came from Western Samoa," he said. He added that the investment achievement for 2024 is targeting IDR 1.5 trillion, a figure which is considered realistic given the start of economic growth and the interest of investors who are interested in investing in Garut. "We are optimistic about achieving this figure because last year (2023) we succeeded in exceeding the target by 7 percent," he said. (SOURCE)
Feb, 27 2024
Bandung (ANTARA) - The West Java Regional Development Planning Agency (Bappeda) is still selecting potential investors to start construction of phase two of the Lulut Nambo Regional Waste Disposal and Final Processing Site (TPPAS), Bogor Regency, while waiting for phase one to operate. "In this second phase, West Java Clean Lestari (JBL) is currently selecting investment partners, so that if we get an investment partner, we will then enter (start construction) in phase two," said Head of West Java Bappeda Iendra Sofyan at Gedung Sate Bandung, Tuesday. Regarding the funds needed for the construction of the second phase of the Lulut Nambo Regional TPPAS, Iendra admitted that he could not provide information even though an assessment had been carried out that the funds needed were around IDR 400 billion. "Previously, it might have been that (the value), only now with inflation figures everything has started to change," he said. For phase one itself, Iendra said that currently the equipment has been installed and trials are being carried out with a capacity of 50 tons per day. The experiment is carried out two days a week and each week will increase to three days, five days, until one full week to be fully operational. "If he can carry out the process for one week, it will be declared that the tool will work well. The target is that in the next three weeks the trial will be completed, after that it will operate according to management targets," he said. For phase one, Iendra said the target is to be able to manage waste with a capacity of 100 tons per day, while if all these facilities are completed, it is projected to be able to manage as much as 2,300 tons of waste per day from Bogor City, Bogor Regency, Depok City and South Tangerang City. "For the time being (phase one) we are prioritizing Depok, where the TPA is starting to run out," he said. The Lulut Nambo Regional TPPAS, added Iendra, will use advanced technology which will divide and sort waste into three parts, namely compost, biomass and material waste in the form of RDF (refuse derifed fuel). This RDF waste will be taken by PT Indocement as the offtaker. "So the system is different from Sarimukti, for example, which is landfilled. But it is separated into several parts, some for making fertilizer, up to those that will be purchased by Indocement," he said. The West Java Provincial Government is targeting phase one of the Lulut Nambo Regional Waste Disposal and Final Processing Site (TPPAS) in Klapanunggal District, Bogor Regency, to be operational in March 2024. When completely completed, this TPPAS will have an area of 55 hectares and will be able to accommodate 1,800-2,300 tons of waste per day. (SOURCE)
Feb, 23 2024
Bandung (ANTARA) - The West Java Provincial Government is targeting phase one of the Lulut Nambo Regional Waste Disposal and Final Processing Site (TPPAS) construction project to operate in March 2024. Acting (Pj) West Java Regional Secretary Taufiq Budi Santoso said that phase one of the Lulut Nambo TPPAS in Klapanunggal District, Bogor Regency, which is currently in the trial period, can serve the community in four districts and surrounding cities within the intended time. "The plan is that in March 2024, phase one can be inaugurated," said Taufiq in a statement in Bandung, Friday. During this trial period, TPPAS Lulut Nambo received several trucks carrying waste from the surrounding area. The waste then enters a shredding machine for biological processing. After that, the waste processing results are separated into three parts, namely compost, biomass and material waste in the form of RDF (refuse derifed fuel). This RDF waste will later be taken by PT Indocement as the offtaker. "Now the focus is on testing. There have been RDF results obtained from this processing and there is even biomass that can be used as an alternative fuel," said Taufiq. He is optimistic that the operation of Lulut Nambo TPPAS will go according to plan. Licensing for TPPAS is currently being processed by the Central Government and the Bogor Regency Government. "By looking at the current conditions, we at least have optimism that this first stage can operate in the future depending on the permits that are being processed at the Central Government and permits at the Bogor Regency Government," said Taufiq. Once fully operational, Lulut Nambo TPPAS will serve four areas, namely Bogor City and Regency, Depok City and South Tangerang City. TPPAS, which has an area of 55 hectares, will be able to accommodate 1,800-2,300 tons of waste per day. (SOURCE)
Feb, 23 2024
Kabupaten Bogor (ANTARA) - PT Jabar Bersih Lestari, which is a subsidiary of the Regional Owned Enterprise (BUMD) of West Java Province, PT Jasa Sarana, said that the Lulut-Nambo Waste Processing and Final Processing Site (TPPAS) in Bogor Regency requires an investment of IDR 900 billion to be operational. "We are still waiting for investors, we are in the phase of attracting investors, currently still in process, the investment is around IDR 900 billion," said the Main Director of PT Jabar Bersih Lestari (JBL) Gun Gun Saptari Hidayat at TPPAS Lulut Nambo which is located in Klapanunggal, Bogor Regency, Java West, Wednesday. PT JBL, which is a subsidiary of PT Jasa Sarana, will implement a government-business entity (KPBU) cooperation mechanism with investors or private companies in managing the Lulut Nambo TPPAS. Currently, an assessment process is underway for potential investor companies. According to Gun Gun, the assessment needs to be carried out selectively considering that potential investors previously had to cancel work midway. "Now we are in the investor assessment process, we will inform you later (of the results). Initially the first investor had agreed to build, it had started, then there were problems in the middle of the road. Indeed, the PPP has a lot of dynamics. We ask for prayers," said Gun Gun. After the work was abandoned by investors, the Lulut Nambo TPPS, which was built in 2017, finally received budget support from the West Java Provincial Government in the form of Regional Capital Inclusion (PMD) of around IDR 60 billion to complete phase one of construction. Now, during the trial period, the Lulut-Nambo TPPAS is capable of processing 50 tons of waste per day and producing biomass and "refuse derived fuel" (RDF) of around 40 percent of the weight of the waste processed. Gun Gun said that if the Lulut-Nambo TPPAS had been built from an investment of IDR 900 billion, it would be able to process around 1,800 tons to 2,300 tons of waste a day. (SOURCE)
Feb, 22 2024
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