JAKARTA - Deputy Minister of Investment and Downstreaming / Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu denied the resignation of investors from the coal downstream project to Dimethyl Ether (DME) because this project was considered non-economic.
"Not an economic project. Not an economical project," he told the media crew in Jakarta, Tuesday, March 18.
Tdotoua said investors have their own indicators regarding the benefits of a project that will be invested in. Meanwhile, these parameters are different from those of the government so that the government remains adamant about running the project even though foreign investors are left behind.
"Our parameters are various. One is definitely an advantage. Second, if we enter, we open this investment, this is an open worker field," he continued.
Meanwhile, he continued, through this DME project, with capital originating from Danantara, the government can process its own natural resources.
"What is certain is that the state will take a role," he said.
Previously, Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia ensured that the government did not need foreign investors for the coal downstream project to become Dimethyl Ether (DME).
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Bahlil said, actually Indonesia has collaborated with the DME project with a company from the United States, Air Product, which then leaves.
Furthermore, cooperation was continued with companies from China but has not been realized to date.
"Now we don't need investors. The state has gone through the president's policy of utilizing domestic resources. What they don't need is technology," Bahlil said as quoted on Tuesday, March 4.
Later, capital expenditures or Capital Expenditure (Capex) will come from the government, one of which is Danantara and cooperates with the national private sector.
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