Ormat Technologies has signed an agreement for the development of Indonesia's Hu'u Dompu geothermal project, which has US government support.
The Hu'u Dompu geothermal project on the island of Sumbawa is part of President Barack Obama's U.S. Asia Pacific Comprehensive Energy Partnership (USACEP) to encourage U.S. companies to develop renewable energy in Southeast Asia. The project may reach 60 MWe in three phases over the next six years.
Under the terms of the agreement with the initial developers, Ormat will own 90% of the project company, Pacific Geo Energy, with the rest held by Indonesian partners, PT Trimatra Energy and PT Bima Transindo Persada.
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