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Jakarta Post
The Jakarta Post
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Geo Dipa needs $600m to finance new projects

  • Rangga D. Fadillah

    The Jakarta Post

Jakarta | Tue, May 24 2011 | 08:00 am

PREMIUM In a bid to expand its business into electricity generation, state-owned geothermal producer PT Geo Dipa Energy said Monday that it needed additional capital of around US$600 million.

The company’s president director, Praktimia Semiawan, said in Jakarta on Monday that the funds would be allocated to finance the development of new geothermal power plants in Dieng in East Java and Patuha in...