Government plans to inject Rp 1.16t into Geo Dipa
Friday, October 9 2015 - 03:20 AM WIB
The government plans to inject Rp 1.16 trillion worth of equity into state-owned geothermal firm PT Geo Dipa Energy.
The Ministry of Energy and Mineral Resources said in a statement Thursday that the plan was discussed by Minister Sudirman Said and the House of Representatives Commission VII on energy and mining on Wednesday.
The equity injection is expected to help strengthen the company?s capital structure, and the production capacity and operational efficiency of the Dieng and Patuha geothermal power plants, respectively located in Central and West Java, the statement said.
Editing by Reiner Simanjuntak