Tuesday, April 4, 2017

Indonesia: EGCO Buys Into Two Geothermal Power Plants in West Java

Egco clinches Indonesia Geothermal plants deal (Bangkok Post)

SET-listed Electricity Generating Plc (Egco) has completed its 20.07% share acquisition in two geothermal power plants in Salak and Darajat, Indonesia.

President and chief executive Chanin Chaonirattisai said the deals were done through its subsidiaries, Start Energy Group Holdings Pte. Ltd and AC Energy Holdings Inc, which acquired the stake in the two plants from a Chevron affiliate.

The Salak and Darajat geothermal power plants are located in West Java and are composed of several geothermal steam and electricity generating units. The plants have an aggregate capacity of 402 megawatts from electricity and 235 MW equivalent from steam, respectively.

The plants have long-term energy sales contracts with PT PLN, the Indonesian state-owned electricity corporation.

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