Origin Energy and Tata Power may bid for project in Indonesia
Geodynamics drilling rig at Jolokia 1 (source: Geodynamics)
Alexander Richter
5 Mar 2010
Australian utility, Origin Energy Ltd., and India’s Tata Power Co. may bid to develop a geothermal power project in Indonesia. Both companies hold a stake in Australian Geodynamics.
In a news piece today, it is reported that “Origin Energy Ltd., the Australian electricity and gas retailer, and India’s Tata Power Co. may bid to develop a geothermal power project in Indonesia, the Sydney- based company said.
Origin, with Tata, “has registered its interest in bidding for geothermal energy concessions in Indonesia,” the company said in an e-mailed statement today. “This is consistent with Origin’s strategy of pursuing exploration opportunities near growing markets.”
This seems to be somewhat of a logical step, given the companies involvement in Australian Geodynamics.
Source: Bloomberg
