Greenearth eyeing Indonesian geothermal opportunities
Monday, April 6 2009 - 01:12 AM WIB
Australian geothermal energy firm Greenearth Energy Limited in partnership with Melbourne based Geo Energy Pty Ltd, North American based International Investment Resources LLC and Indonesia?s Santini Group had established a Jakarta based Indonesian geothermal exploration and development entity, PT. Geo Power Indonesia.
The company?s wholly-owned subsidiary Green Earth Power Pty Ltd will initially hold 40% of PT. Geo Power Indonesia with the balance split equally between the partner companies.
Based in Jakarta, PT. Geo Power Indonesia aims to rapidly establish a suite of geothermal exploration and development opportunities across the Indonesian archipelago, the company said in a statement.
?We are currently putting our team in place and are already working on a number of potential projects,? the company said.(alex)