PGEO — A USD365 mn strategic partnerships

PGEO — A USD365 mn strategic partnerships Pertamina Geothermal Energy (PGEO) has entered into several strategic partnerships, including two major deals worth USD365 mn. The first, with PLN Indonesia Power, involves an initial investment of USD165 mn to increase capacity by 45 MW through co-generation projects at Lahendong and Ulubelu. The second is a USD 200 mn partnership with Kenya's Geothermal Development Company. This partnership aims to explore the development of the Suswa geothermal field with a potential capacity of up to 100 MW. Additionally, PGEO signed agreements with other affiliates to enhance manufacturing, services, and technology in the geothermal sector. (Source : Investor Daily)