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Origin Energy and Tata Power may bid for project in Indonesia

Geodynamics drilling rig at Jolokia 1 (source: Geodynamics)
Alexander Richter 5 Mar 2010

Australian utility, Origin Energy Ltd., and India’s Tata Power Co. may bid to develop a geothermal power project in Indonesia. Both companies hold a stake in Australian Geodynamics.

In a news piece today, it is reported that “Origin Energy Ltd., the Australian electricity and gas retailer, and India’s Tata Power Co. may bid to develop a geothermal power project in Indonesia, the Sydney- based company said.

Origin, with Tata, “has registered its interest in bidding for geothermal energy concessions in Indonesia,” the company said in an e-mailed statement today. “This is consistent with Origin’s strategy of pursuing exploration opportunities near growing markets.”

This seems to be somewhat of a logical step, given the companies involvement in Australian Geodynamics.

Source: Bloomberg