Two Turkish companies - Hitay Holding A.S. and Aksa Enerji Uretim A.S. operating in energy sector have signed a memorandum of understanding (MOU) with the government of Indonesian province of Aceh to develop geothermal and gas-powered electricity plants in the region.
Under the MOU Hitay Holding, as investor and developer, would develop the portfolio of geothermal project for geothermal power plant in Aceh.
Hitay will also develop the site using a reliable contractor to carry out drilling, procurement and construction. Aksa Enerji Uretim in cooperation with Enersis on the other hand will manage the plant.
Aksa and Enersis will provide the technology, goods and services needed for the investment project and its operation.
Aksa will cooperate with the Aceh government to get the license needed to develop, build and operate the power plant and arrange the financing.
