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Korea Offers to Build Solar Plant in Palu

A South Korean company, Jesse Engineering Co Ltd, offered Palu Government, Central Sulawesi, a joint venture in building a 10 MW solar power plant.

Representatives from Jesse Engineering and the Palu City Government met twice to establish the prospective collaboration. The meeting was between Palu’s Mayor, Rusdi Mastura, and Larry Kim, representative of Jesse Engineering.

Larry said that the aim of his visit was to get acquainted with the Palu government and to find out how serious they were regarding the offer. “At the last discussion, the Palu government was open to cooperation. We will send a draft of the collaboration,” he said yesterday.

After that, said Larry, the Palu Government is expected to immediately give an answer so that the project initially valued at US$ 47 million can start operating. He explained that Jesse engineering had similar cooperation with several countries like Germany and Spain.

Rusdy Mastura said that he ws ready to cooperate with South Korean investors. He is also ready to provide a joint insurance to the bank, by first studying the draft of the agreement.

“We expect that the draft agreement will be sent soon so that we make calculations and consider if the collaboration will benefit the city government, especially Palu residents,” said Rusdy.

The collaboration is expected to overcome Palu electricity problems before the end of 2010.