General Electric plans $1 billion investment in IndonesiaStaff writer ▼ | October 27, 2015
General Electric will invest up to $1 billion in the power, oil and gas, and healthcare sectors to support Indonesia’s accelerated economic growth.
Investment Indonesia to increase power generation capacity by 35 GW
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. ■