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KS Orka mobilizes two drilling rigs for 240 MW Sorik Marapi project

KS Orka mobilizes two drilling rigs for 240 MW Sorik Marapi project Drilling rig mobilisation (source: KS Orka)
Alexander Richter 9 Aug 2016

KS Orka announces having mobilized the first drilling rig for the 240 MW Sorik Merapi geothermal power project in North Sumatra, Indonesia.

KS Orka Renewables Pte Ltd of Singapore (KS ORKA) has secured the necessary regulatory consents to acquire  100% ownership of OTP Geothermal Pte Ltd (OTP) and develop the 240 MW Sorik Marapi Geothermal Power Project North Sumatra Indonesia.

KS Orka has already mobilized the first drilling rig for the project by issuing a Notice To Proceed to the drilling contractor Dati Parker.  KS Orka plans to mobilize a second rig within two weeks for the project.  The KS Orka team aims for bringing the first pilot power plant into operation in 2017.

Eirikur Bragason, KS ORKA’s CEO, said, “KS Orka aims to be the leading global developer and operator of geothermal projects. KS Orka has prioritised investments in Indonesia and is targeting development of 500MW of power generation capacity over the next five years.  The ORKA team looks forward to execute the first project in Indonesia.”

KS Orka is a joint venture between Hugar Orka ehf, an Icelandic company and Zhejiang Kaishan Compressor Co., Ltd (Kaishan), which is listed on the Shenzhen stock exchange. KS Orka combines the geothermal and project development expertise of the Icelandic Engineers with Kaishan’s power plant technology and manufacturing expertise to form Asia’s only vertically integrated geothermal and waste energy company.  KS Orka brings to the project some of the most experienced geothermal experts and power project developers in the world.

Source: Company release by email