PDIP prepared Rp2 trillion to Inalum

JAKARTA - PT takeover process. Indonesia Asahan Aluminium (Inalum) is getting close to it. Of the 700 million dollars or Rp6, 3 trillion of funds expected takeover, the government through the Government Investment Center (PIP) have gathered Rp2 trillion.

PIP head Soritaon Siregar disclose it in Bogor, today. According Soritaon, in 2012 it began collecting a fund of Rp 2 trillion of funds to purchase shares Inalum needs that are expected to require investment worth 700 million U.S. dollars or about Rp 6.3 trillion (assuming exchange rate of Rp 9,000 per U.S. dollar). Inalum contract will expire in 2013.

"We've got the House's approval of investment proposals amounting to Rp 3.2 trillion for 2012. Our plan Rp 1.2 trillion to finance basic infrastructure such as roads, schools, and bridges, the remaining Rp 2 trillion for the purchase Inalum repay," says Soritaon.

To cover the shortage of investment funds are needed later, according to Soritaon, in 2013, PIP will ask the state capital participation (PMN) of Rp 3 trillion more than the government. "Why installment? Because if you directly in due course should be prepared at once, must be more severe," he said.

Although the new year 2013 will be used later, when the contract work out, Soritaon ensure funds "savings" amounting to Rp 2 trillion that prepared it will not be idle. "We can invest it into stocks, SUN, ORI, or a smooth likuditasnya so that when used easily liquidated," he said.

As an illustration, the current process of acquisition of shares of PT Inalum 58.8 percent owned by a consortium of Japan was still in the stage of an audit by a team led by Minister of Industry MS Hidayat. Audits conducted Kemenperin team involves three aspects, namely financial audit, audit tools, and management audits.

This audit is very important before the later of 100 percent stake in PT Inalum taken over by the government. The technical problems involved 10 districts / cities to have a stake in PT Inalum would be discussed after the audit is completed, including the involvement of the Government of North Sumatra province and regency / city around Lake Toba and Asahan. source