KONTAN.CO.ID - JAKARTA. The Energy and Mineral Resources Ministry has revised its investment target this year by 27 percent to only US$37.2 billion, with the biggest cut of more than 50 percent coming from the electricity sector. The ministry initially aimed to realize investments worth $50.96 billion this year, of which $24.88 billion was expected to be in the electricity sector, $16.76 billion in the oil and gas sector, $7.31 billion in the mining sector and $2.01 billion in the renewable energy sector. However, the latest data from the ministry show the targeted investment currently stands at $37.2 billion.
Indonesia scales down investment target in energy, mining sectors
KONTAN.CO.ID - JAKARTA. The Energy and Mineral Resources Ministry has revised its investment target this year by 27 percent to only US$37.2 billion, with the biggest cut of more than 50 percent coming from the electricity sector. The ministry initially aimed to realize investments worth $50.96 billion this year, of which $24.88 billion was expected to be in the electricity sector, $16.76 billion in the oil and gas sector, $7.31 billion in the mining sector and $2.01 billion in the renewable energy sector. However, the latest data from the ministry show the targeted investment currently stands at $37.2 billion.