Aussie, Turkish companies agree to build in Indonesia

In Australia, Greenearth Energy said that PT. Geo Power Indonesia has signed a non binding Memorandum of Understanding with the Cengiz Holding of Turkey to develop a site on the Indonesian island of Java for the production of geothermal power. Greenearth Energy’s 100% wholly owned subsidiary Greenearth Power Pty Ltd has a 40% interest in PT. Geo Power Indonesia. Cengiz Holding has a successful track record in building and operating coal, natural gas and hydroelectric power generation infrastructure. The company will complete due diligence over the next 90 days before moving to a formal agreement.