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Sun cable to invest $2.5 bln in Indonesia for solar power project – CEO

Mark White by Mark White
September 23, 2021
in Procurement
0

JAKARTA, Sept 23 (Reuters) – Sun cable, an Australian-Singapore energy venture, will invest $2.5 billion in Indonesia as part of a solar power project, its chief executive officer said on Thursday.

The deal will include $1 billion in procurement of equipment and $1.5 billion to be spent over the lifespan of the project, the firm said in a presentation to media.

Reporting by Kate Lamb; Writing by Martin Petty; Editing by Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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