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COPYRIGHT 2007 Asia Pulse Pty Ltd
An executive briefing on energy for Feb 28, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
BP TO BUILD BIOFUEL PLANTS IN INDONESIA
JAKARTA - BP plans to invest around US$50 million in Indonesia's biofuel industry, using jatropha oil as feedstock.
BP will build biofuel plants with an annual capacity of 350,000 tons for which it will need to build 100,000 hectares of jatropha curcas plantation to guarantee supply of feedstock, an official said.
INDONESIA TO EXEMPT POWER PLANT COMPONENTS FROM IMPORT DUTY
JAKARTA - The government is expected to exempt main components of coal fired power plants from import duty to support the crash program in the development of the electricity sector.
The government has a crash program to build coal power fired plants with a total capacity of 10,000 megawatts to be completed before 2010.
CHINA TO HELP SETTLE RESIDENTS RELOCATED BY THREE GORGES PJT
BEIJING - The Chinese government will invest 55 billion yuan (US$7.1 billion) to settle residents relocated by the Three Gorges Project and support local industries to provide enough job opportunities in the next five years.
The fund will also be used in infrastructure construction, environment protection and social development undertakings in the region, said a senior official of southwest China's Chongqing Municipality.
AUSTRALIA'S ORIGIN ENERGY POSTS 20 PCT HIKE IN...
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