Indonesian Geothermal Projects Planned for 2004

December 19, 2003 [] Japan’s Marubeni corporation embarked on a plan to jointly develop geothermal power plants in Indonesia with state-run oil companies of that country and the Philippines. Feasibility studies on geothermal plant operations in three locations in Indonesia are to be conducted, with construction of the plants to begin as early as fiscal 2004. The company signed an agreement on the project in Tokyo on Wednesday with Indonesia’s Pertamina and Philippine National Oil Company. The three partners plan on forming a special-purpose company to handle the feasibility studies. Marubeni is already running geothermal power plants in the Philippines and Costa Rica.

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