Highlights for the year (completed):"sokoria geothermal project,...

Highlights for the year (completed):

"sokoria geothermal project, flores, indonesia
• Progressing the PPA to final agreed form. PLN has confirmed the document is in final form, and all Parties are
now reviewing the final document. Execution of this will occur shortly;
• increase from approximately $US125/MWh to a likely
$US145/MWh; and
• Completion of the detailed Feasibility Study and Development Plan (externally reviewed) confirming the commercial attractiveness of the project, and as the basis of our formal Development Plan and Schedule for the project.

dairi prima geothermal project, northern sumatra, indonesia
• Progressing the PPA to final agreed form. The document is in final form, and all Parties are now reviewing the final
document. Execution of this will occur shortly;
• Confirmation that the tariff under our PPA will increase from approximately $US150/MWh to a likely $US170/MWh; and
• Completion of the detailed Feasibility Study and Development Plan (externally reviewed) confirming the commercial attractiveness of the project, and as the basis of our formal Development Plan and Schedule for the project.

ngebel geothermal project, east java, indonesia
• Progressing towards final draft of the PPA;
• Confirmation that the tariff under our PPA will increase from approximately $US90/MWh to a likely $US115/MWh; and
• Completion of the detailed Pre-Feasibility Study and Development Plan (externally reviewed) confirming the
commercial attractiveness of the project.

jambi geothermal project, central sumatra, indonesia
• Progress towards securing the requisite licences for the area.

"Completion of the detailed Pre-Feasibility Study and Development Plan (externally reviewed) confirming the
commercial attractiveness of the project" - these are critical for project financing - as well as the PPAs of course!