"The final versions of these agreements are now being finalised into executable format to enable final legal review and execution by each of the Parties”
Comment: market will await next step.
"Panax’s portfolio has the capacity to produce more than 300 megawatts of clean electricity generation, with approximately 165 megawatts net to Panax."
Comment: certainly rational view re expectations for Indonesian projects given Indonesia has enough geothermal plants operational, so less likely to face same technical challenges as Australian geothermals.
"As part of its energy security strategy, the Indonesian Government provides a guaranteed feed-in tariff of US$97 per megawatt hour, plus carbon credits, to geothermal energy generators – providing investment certainty for renewable energy projects that is not currently available in Australia."
Comment: are same guarantees essential for Australia ?
PAX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held