Panax Geothermal to capitalise on Indonesia’s energy demand

Panax Geothermal (ASX: PAX) has plans to expand its current interests in Indonesia, which is forecast to become the world’s seventh largest economy and witness substantial growth in energy demand.

Global consulting firm McKinsey and Company tip Indonesia to surpass Germany and Britain in world economic rankings if it continues to maintain its high growth trajectory.

The firm predicts the country’s growth potential will boost onshore investment, already prompting prominent global companies to ramp up investments in the region.
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Posted October 13, 2012 by repit in News

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