Wednesday, May 28, 2008

100 000 Hectares over a 100 Years. Mariano and GTLESTE Biotech

So in January 2008 the Ministry of Agriculture signed an Memorandum of Understanding (MOU) with a certain GTLESTE Biotech to develop agribusiness opportunities, and biofuel/sugar cane in particular in Timor Leste.

Sounds like a good idea.

But the concession is potentially for 12% of the entire country and no one has appeared to ask anyone anything?

Sounds like a bad idea.

The public knows the Minister of Agriculture. But who is Sakiris Chairman of GTLESTE? Google tells us as of 2000 he was a Kalimantan Coal Man.

Indexim Coalindo
PT. Sarana Panen Abadi (65%)
Gino Sakiris (17.5%)
Others (17.5%)
08/1994 East Kalimantan
100,000 Ha Exploration
Mr. Gino Sakiris , President Director
Gedung Galva 5th Fl
Jl. Hayam Wuruk 27 A, Jakarta
Tel.: 385-4993, Fax: 385-4995

Gino Sakiris, PT Kemenangan

This MOU also makes reference to a map of the land to be developed for biofuel sugar/ethanol plant purposes. Would be very interesting to see the map. Have it? Send it along to