The Indonesian government is slated to sign agreements on power plant projects with a combined capacity of 10,000 megawatts worth 2.8 billion U.S. dollars with Chinese and Malaysian investors later this week.

State-run electricity company PT Perusahaan Listrik Negara (PLN) will represent the government in the Wednesday's signing ceremony, which will be witnessed by President Susilo Bambang Yudhoyono, a number of key ministers and representatives from the Chinese and Malaysian governments, leading economic daily Bisnis Indonesia reported Tuesday.

The Memorandum of Understanding will cover five coal-fired power plants on Java island.

Chinese companies involved in the projects include China National Technical Import and Export Corporation (CNTIC), Harbin Power Equipment Company Limited, Chengda Engineering and Sinomach.

Besides, the government will also sign a series of agreements on gas supply, construction of several hydro power generators and power supply contract.

The value of the whole contracts to be signed Wednesday is estimated at 5.3 billion dollars, PLN director Djuanda Nugraha Ibrahim was quoted as saying.

Source: Xinhua