Japanese investors join local partner to develop jatropha in NTT

Kupang, E Nusa Tenggara (Antara News) - A number of Japanese investors are working together with a local partner to develop jatropha curcas plantations for the production of bio-fuel energy in East Nusa Tenggara (NTT) province, a company executive said.

"We, together with delegates of Japanese companies, have observed directly all jatropha plantation locations in Timor Island. They were interested and we established cooperation contracts directly," Stanis Tefa, director of Jatropha Timor Group (JTG), said here on Saturday.

He said that the Japanese investors were grouped in the Japanese New Development Organization (NEOD) and Jepan External Trade Organization (JETRO).

Tefa said his company had sent samples of its jatropha production in Timor Island to Japan and Malaysia to undergo oil content tests, the results of which were encouraging.

"That was why the Japanese firms did not hesitate to sign cooperation agreement with the JTG," he said.

He said that in developing jatropha plantations the JTG cooperated with local people in remote areas of Timor Island, providing them with working capital, fertilizers and plantation maintenance costs.

The JTG is now developing 5,000 hectares of jatropha plantations which are scattered in Timor Island. These plantations belong to the local people who are bound with work contracts with the JTG.(*)
_________________________
Jawawa.net: Indonesian Business and Investment News Aggregator