Beijing control of the world's only sulfur free coal through its Lippo-Grp partner.
In 1999 the Edison-Paiton-proj was declared illegal using many of the docs discovered, cited in this article. Today, the Paiton electric power plant is silent, closed after an audit revealed $280 million missing. Indonesia cannot afford and does not need the coal-fired electric power plant in east Java.
America, too, is suffering. The CA taxpayer is being asked to bail out some of the very same energy Co's that also paid blns-$$ in illegal deals to the corrupt Suharto regime.
The US consumer is also stuck, paying staggering bills for electric power, while stockholders suffer losses in the faltering energy Co's.
In 1999, Huang pleaded guilty to federal