JAKARTA - An Indonesian minister said on Monday that the country is committed to developing a resource rich island of Rempang south of Batam into an industrial park, following clashes between villagers and the police over a relocation plan.
The government has cited a planned US$11.6 billion investment commitment on Rempang by China’s Xinyi Glass Holdings, the world’s largest photovoltaic glass manufacturer. The first phase will be 2,300ha, with up to a total of 7,000ha non-forested land designated for the project. About 10,000ha of the 17,000ha island consists of natural forest.
In contrast to a previous offer that would have provided villagers with a fixed compensation regardless of their home’s size, the authorities have now agreed to offer owners of properties larger than 45 sq m extra reparation based on the building size, he added. The Rempang Eco-City project is being planned as Indonesia and Singapore gear up to begin a joint development of a floating solar farm in Batam, with the goal of generating around 2 gigawatts of electricity that will be transported to the Republic via undersea cables.
Source: News Formal (newsformal.com)
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: straits_times - 🏆 5. / 69 Read more »
Source: straits_times - 🏆 5. / 69 Read more »
Source: straits_times - 🏆 5. / 69 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: TODAYonline - 🏆 1. / 99 Read more »