IP, Iceland Drilling sign MoU on geothermal project
Friday, January 30 2015 - 01:15 AM WIB
By Romel S. Gurky
PT Indonesia Power (IP) has signed an MoU with PT Iceland Drilling Indonesia (IDI) to help develop the Tangkuban Perahu geothermal project in West Java.
IP said in a statement that the MoU was signed Wednesday by its acting President Director Antonius RT Artono and IDI President Director Rod Williams.
IP said that it wants to tap into the experience of IDI to help develop the Tangkuban Perahu geothermal project. The Tangkuban Perahu geothermal concession is held by PT Tangkuban Perahu Geothermal, which is 95 percent owned by IP and 5 percent by Cyrq Energy Inc.
Editing by Reiner Simanjuntak