yeah I picked up on that as well, lol, it would have to be one of very few such instances where there are no effusive handshakes and smiles being thrown around.
I rest my case about new Indonesian business start ups not being Panax's foundation virtue and something that needs work.
but look on the bright side, one of the many required photo opportunities has been done and there is some stone kicking happening so planning permits can be thought about.
No actual statement of what was achieved though.
This from Indonesian news though.
http://www.indonesiafinancetoday.com/read/12622/Anak-Usaha-Bakrie-Investasi-US-100-Juta-di-Sokoria
JAKARTA (IFT) - PT Bakrie Power, a subsidiary of PT Bakrie & Brothers Tbk (Bakrie & Brothers), allocated U.S. $ 90 million to U $ 100 million for development of geothermal working areas Sokoria, East Nusa Tenggara. Ali Herman Ibrahim, President Director of Bakrie Power, said the company target a plant with a capacity of 30 megawatts it can operate in 2015.
regarding energy subsidies, just so you can see how contradictory the whole thing can be.
http://www.indonesiafinancetoday.com/read/7663/Pengembang-Panas-Bumi-Minta-Jaminan-Eksplorasi
AKARTA (IFT) - The government is advised to raise the price of fuel oil (BBM) subsidy in the next year, rather than to raise electricity rates about 10%. Tulus Abadi, Manager Daily Indonesian Consumers Foundation, said the distribution of electricity subsidies better targeted than fuel subsidies.
Okay, we get a 2015 mention for operation and Bakrie Power allocates USD90m to the project and Panax has a 45% stake now shared with Moellis, how much does Panax have to come up with ? from where ?
is that what the faces were about ? the interested parties that approve all these deals like getting in on the ground floor and if the elevator lifts off too soon they will bring it back to the ground floor rather than climbing any stairs themselves, if you know what I mean... opportunities made and manoeuvred.....
ifandwhen
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