Panax Geothermal close to closing 2 Indonesian geothermal power purchase deals

Panax Geothermal’s (ASX: PAX) Indonesian geothermal projects have made progress with finalisation of power purchase agreements for two projects expected soon.

PT PLN (Persero) and the country’s Ministries of Finance and Energy have confirmed that all negotiations relating to the terms and conditions of the agreements for the Sokorai and Dairi project are now final.

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Posted June 23, 2012 by repit in News

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