JAKARTA, Jan. 30 (Xinhua) -- The Indonesian government has forecast investment in energy sector will rise significantly this year following relaxation of the country's export ban on raw mining products amid rising global commodity prices.
Indonesian Energy and Mineral Resources Minister Ignasius Jonan said on Monday that the ministry estimated the investment in energy sectors will increase by nearly 50 percent to 43 billion U.S. dollars this year from that of last year.
To support the target, the government on Monday launched an integrated single-window facility to process investment in the sector, which will only take three hours, according to the minister.
"With this facility, we hope the target of (43 billion U.S. dollars) investment this year can be achieved," Minister Jonan said at investment coordinating board headquarters.
Earlier this month, the government eased bar on exports of unprocessed mining products, allowing miners to continue shipping the minerals overseas in the next five years with obligation to construct processing facility or smelter.
Indonesia is the world's biggest exporter of thermal coal, home to the world's second-biggest copper mine and the main global supplier for nickel ore, bauxite and other minerals.
Indonesia aims to boost downstream industry of energy sector to tap more added values in domestic and create more jobs.