West Java seeking investments of US$30m for 3 geothermal areas

Alexander Richter 19 Feb 2010

West Java invites investors for development in three geothermal areas at Mount Papandayan, Mount Ciremai, and Mount Gede Pangrango.

In meetings with a Canadian trade meeting, the “West Java government is offering investment opportunities in geothermal energy, airport infrastructure, agriculture and livestock, with some indications of a Canadian interest in investing in geothermal energy”, so a West Java investment coordinator Iwa Karniwa.

Three geothermal areas offered include Mount Papandayan in Garut, Mount Ciremai in Cirebon and Kuningan, and Mount Gede Pangrango in Bogor. The initial investment requires US$ 10 million for each area. “This is for an initial study to see the potentials and which points can be excavated,” Iwa said.

Source: Tempo Interactive