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| Wayang Windu Geothermal Power Project Plant (Courtesy Star Energy Geothermal Pte Ltd.) |
Aiming to expand its business in the renewable energy sector, Mitsubishi Corporation has agreed to acquire 20% shares of Star Energy Geothermal Pte Ltd. (SEGPL). SEGPL is a holding company that manages operation of the Wayang Windu Geothermal Power Project Plant, a geothermal power plant stably operating since June, 2000 on Java in Indonesia.
This acquisition marks Mitsubishi's first entry into the Indonesian power industry and its first operation of a geothermal power plant. Through SEGPL, Mitsubishi is aiming to develop and operate multiple geothermal power plants in Indonesia, including the expansion of Wayang Windu.
This acquisition marks Mitsubishi's first entry into the Indonesian power industry and its first operation of a geothermal power plant. Through SEGPL, Mitsubishi is aiming to develop and operate multiple geothermal power plants in Indonesia, including the expansion of Wayang Windu.
