Business Economy : GE penetrated geothermal
GE’s energy financial services to help the development of geothermal power plants in Indonesia’s biggest $ 50 million. assistance in the form of loans to wayang windu, this is an investment first geothermal GE Energy Financial Services and Standard Chartered Bank as mandated lead arranger / MLA and an agent of the facility’s funding.
loans were given to the child star energy companies, private energy producers in Indonesia. Further development has been planned to help meet electricity needs in Java, Madura, and the resulting bali.listrik then sold to PLN through high voltage air channel PLN’s West Java.
“wayang windu project is ideal as a first investment of GE Energy energy sector financial services in Indonesia this decade,”
This plant, whose name is a fusion of mountain wayang and windu, in the western highlands of Java, providing clean electricity to avoid emissions of greenhouse gases (or the like carbon dioxide) for 1.2 million tons / year.
geothermal project aid is part of GE’s investment in Indonesia that the total reached $ 1.2 billion from operations in 1940.
