reported this morning from Indonesia, “The Turkey-based plans Hitay Investment Holdings to U.S. $ 3 billion for geothermal power plant investments in four provinces in Indonesia.
Tamba P. Hutapea, vice, Indonesia Investment Coordinating Board revealed the holding company can exploration phase starts in South Sumatra, Jambi, East Java and Bengkulu.
“The company will invest $ 3 billion in four locations,” he said in Jakarta, today. After Hitay investment site, the company is Turkey’s leading conglomerate with a focus on corporate venture capital since 1988. The group is led by Emin Hitay, a prominent businessman and investor with its start-ups in Turkey known
founded Tamba explained Hitay investment has been studying the possibility of investment since last year and it is now in front of the stage exploration survey
Once given the green light form the Ministry of Energy and Mineral Resources, will The company guided mapping of potential sites more details. Later Hitay will continue investing in the bidding process.
“after bidding, they will carry out detailed research. All of the process must be more than 3 years. “
He also said that the maximum capacity of 200 megawatts of exploration in every situation, so that the total capacity for geothermal development will reach 800 MW.
” The maximum capacity of 200 MW Perhaps the same with the exit of geothermal energy in West Java, “he added,”
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Tags: billion, Hitay, Holdings, Indonesia, invest, investment, plans, Turkish, U.S.