JAKARTA: Panax Geothermal Ltd, an Australia-listed oil and gas giant, completed the negotiation with PT Bakrie Power, for a 165-MW geothermal plant project of Ngebel-Willis in East Java.
and....Bakrie, on the other hand, won the geothermal plant development tender at a design of 3x55 MW or with total capacity of 165 MW. The project is also designed for further development until it has capacity of 200 MW. Still, there is no detail on the mega-transaction value.
oil and gas giant? mega-transaction? Yeah right i wish!
point of the story - never believe everything you read!
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