PAX 0.00% 1.2¢ panax geothermal limited

positive article - things are happening

  1. 4,358 Posts.
    Hi all,

    Some good news. A PPA has just been signed for another developer. Make of it what your will.

    http://www.thejakartaglobe.com/business/power-deal-signed-for-geothermal-plant/555854

    Here are the first three paragraphs:

    "A power purchase agreement has been signed for a geothermal power plant in southern Sumatra, helping to increase Indonesia’s source of alternative electricity production.

    State-utility firm Perusahaan Listrik Negara signed the pact with Indonesia’s Supreme Energy, Japan’s Marubeni and France’s GDF Suez — three companies that will build the $2.2 billion facility. The plant will have two 110 megawatt generators.

    Under the agreement, PLN will pay 8.86 cents per kilowatt hour to the consortium for 30 years, said PLN’s president director, Nur Pamudji on Monday"


 
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