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        2. Home > News > Industry News
          Iran's Mapna Group Eyes Indonesia's Electric Power Industry

          Jakarta. Iranian energy holding company Mapna Group is devising plans to invest in Indonesia's power sector, riding on the back of the Indonesian government's goal to roll out 35,000 megawatts of electricity across the archipelago in the next five years.

          Executives from the company have reportedly met Energy and Mineral Resources Minister Sudirman Said to discuss possible partnerships during the minister's recent visit to Iran, according to a statement from Mapna Group on Thursday.

          Abbas Aliabadi, president of the Mapna Group, said that the company seeks to be "actively involved in Indonesia's energy market."

          "In the first step, Mapna is prepared to invest in Indonesia's power sector in order to increase the country's power capacity by 1,000 megawatts," he said, without disclosing the value of the project.

          Aliabadi added that Mapna — which generates about 47 percent of Iran's electricity — also seeks to run a service center for power generators in Indonesia.

          Established in 1993, Mapna Group has a total contract value of nearly 30 billion euros ($34.25 billion), covering three sectors: electricity, oil and gas, as well as rail traction.

          Sudirman met with his Iranian counterpart Hamid Chitchian on Wednesday in a bid to boost bilateral ties in the energy sector, according to a statement.

          "For Indonesia, increasing the capacity to generate power is a key strategy in building the economy...  Our government is looking to diversify its energy sources and exploit clean and renewable energy, such as solar power, wind power and geothermal energy," Sudirman said in a statement.