Thursday, March 31, 2005

Inco will build hydro powerplant

Nickel producer PT International Nickel Indonesia Tbk (PT Inco) will build a 90 MW hydro power plant in Karebe, Sulawesi island, Indonesia in its effort to boost nickel production capacity, Investor Daily, Jakarta newspaper, reported today.
The company is predicting total investment of US$150 million for the power plant.
Inco is preparing to lift nickel production by 25% in 2009 with total investment of US$250 million. The company is looking for additional funding of at least US$200 million.
PT Inco is owned 61% by Inco Ltd, the leading nickel producer in the world.




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