PAX 0.00% 1.2¢ panax geothermal limited

did you see that in the pre market?, page-55

  1. 371 Posts.
    pt,
    this was back in june. the EIA was completed positively in august this year i believe.

    MUTUBUSA fired plant can produce 60 MEGA WATT POWER
    pace

    Geothermal Power Center (PLTB) Mutubusa Sokoria Village, District East Ndona expected to generate electricity to power approximately 60 Mega Watt (MW). With the power of 60 MW of electricity for all needs will be met Ende. As stated by Head of Mining Ende Bernabas L. Wangge, Tuesday (12/06) ago.


    Bernabas said PT Sokoria Geothermal Indonesia (SGI) as the winner of the tender the construction of coal-fired plant is waiting for the results of the study Mutubusa Environmental Impact Assessment (EIA) of the drilling activities PLTB Mutubusa. PT SGI also being coordinated with the Regional Environmental Agency (BLHD) Ende EIA for activities intended.


    According Bernabas, PT SGI use experts from Australia and New Zealand for the activities of the EIA study PLTB Mutubusa development. This team is an independent team will be given a minimum of 6 months and a maximum of 1 year to conduct the EIA. The time given for the EIA activities long enough to get adequate results on the impact of coal-fired plant construction Mutubusa.


    To date, more Bernabas, no physical activity in the form of drilling. Later, after an independent team to get definitive results of the EIA study, followed by a new preparation for drilling.


    Regarding development activities PLTB Mutubusa, Bernabas explain a little development to stagnate, because there is no difference in price between the PT SGI as the winning bidder with the PLN. But now there are talks that led to the deal price of electricity to PLN. "There are orders from the Directorate General of New Renewable Energy (EBT) for PLN to make adjustments. The price offered by SGI at 12.5 cents / kwh, while PLN wants 9.5 cents / kwh. About existing price adjustment, but there is no formal agreement. While waiting for the deal price, PT SGI keep doing activities with the EIA study, "said Bernabas.


    Furthermore Bernabas describes other constraints faced in the development process PLTB Mutubusa the claims of Forestry and National Parks Flores (KNP) that Mutubusa fired plant in the territory of KNP. However, after further analysis, it turns out its position outside the territory of KNP. Distance from TNK reach 2-3 kilometers. (Adm, pt, florespos)
 
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