Jan 22 (Reuters) - Syngas Ltd (SYS) :
- Syngas enters into MOU for hydro project in Indonesia
- Says mou for an equity/investment participation in PT Cahaya Terang Makmur
- Says Syngas shall be entitled to board representation at PT Cahaya, in proportion to its shareholding
- Says will consider funding its participation by way of debt and/or equity raising in due course
- Anticipated that participation of Syngas in project would require an investment outlay of between USD 4.0M to USD10.0M