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Bali Seeks US$243 Million in New Investments for 2010

Bali Looks for Investors to Build Roads and Power Plants.

(3/29/2010) The provincial government of Bali is seeking Rp. 2.29 trillion (US$243.6 million) in new investments for 2010. The ambitious target for the current year is nearly twice the Rp. 1.24 trillion target Bali set for new investments in 2009.

The chairman of the Bali Investment Coordinating Board (BKPM-Bali), Nyoman Surwirya Patra, told Beritabali.com that 80% of all investment in Bali for 2009 came from foreign investors.

Surwirya Patra said the government's desire is that 2010 will see an increase in infrastructure investment and energy generation which is environmentally friendly. Said Surwirya, 'We seek environmentally energy projects because we are seeking to make Bali 'green and clean.'

Seemingly at odds with the government's commitment to green development, Nyoman Surwirya told the press that the government is seeking investors to build a coal driven power generation plant at the port of Celukan Bawang, Buleleng, North Bali.

To address other infrastructure needs, BKPM-Bali is also seeking investors prepared to build new roadways and repair existing thoroughfares.