Raya Group and Bakrie Power seek buyer for 30 MW Sokoria project, Indonesia
Field location, Sokoria project, Flores, Indonesia (source: Panax Geothermal)
Francisco Rojas
24 Mar 2015
Raya Group and Bakrie Power are trying to look for new potential buyers for their indonesia geothermal project. The first geothermal unit is expected to come online in December 2018 and will have a 5-MW output
In a recent post in SeeNews Renewables, Raya Group Ltd and PT Bakrie Power Corp have said to be “looking for new potential buyers of the 30-MW Sokoria geothermal project in Indonesia following the termination of an existing pact with Space Con Pty Ltd.”
The same source details that the “two parties will not sell an 85% stake in PT Sokoria Geothermal Indonesia to SpaceCon, as agreed in January, because certain documents were not presented to the Indonesian authorities by the March 11 deadline. The heads of agreement between the companies has now been cancelled.Raya noted that, alongside Bakrie, it is already holding talks with other interested parties. The Australian geothermal firm has a 45% interest in the Sokoria project, while its partner holds 53%.”
The first geothermal unit is expected to come online in December 2018 and will have a 5-MW output. The whole plant is expected to be finalised “between 2023 and 2024”.
Source: SeeNews Renewables
