Panax Geothermal funded to progress Indonesian geothermal power agreements and financing

Panax Geothermal (ASX: PAX) has raised A$1.1 million, giving it the working capital to finalise Power Purchase Agreements and project financing discussions for its Indonesian geothermal projects.

The company has already received written advice that execution of the Power Purchase Agreements for both the Sokoria and Dairi Prima projects in Flores and North Sumatra are expected to occur soon.

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Posted August 11, 2012 by repit in News

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