SET-listed Electricity Generating Plc (Egco) has completed its 20.07% share acquisition in two geothermal power plants in Salak and Darajat, Indonesia. This investment is in line with Egco Group's strategic plan to expand its business in renewable power generation in the Asia Pacific region," said Mr Chanin. The Salak and Darajat geothermal power plants are located in West Java and are composed of several geothermal steam and electricity generating units. Egco began investing in Indonesia in 2014 by acquiring a 20% indirect ownership interest in Star Energy geothermal power plant, which has total installed capacity of 227MW. Egco is also moving ahead with plans to develop renewable power projects at home.

Source: Bangkok Post April 03, 2017 19:30 UTC