Friday, October 12, 2012

Indonesia:

Panax Geothermal Plans to Capitalise on Indonesia’s Energy Demand (Proactive Investors Australia)

Panax Geothermal of Queensland, Australia, has plans to expand its current interests in Indonesia, which is forecast to become the world’s seventh largest economy and witness substantial growth in energy demand.

Global consulting firm McKinsey and Company tip Indonesia to surpass Germany and Britain in world economic rankings if it continues to maintain its high growth trajectory.

The firm predicts the country’s growth potential will boost onshore investment, already prompting prominent global companies to ramp up investments in the region.