Ormat Technologies Inc. and PT Archi Indonesia Tbk, one of the largest pure-play gold mining companies in Indonesia and Southeast Asia, have signed an agreement to establish a joint venture company, PT Toka Tindung Geothermal (TTG).
Indonesia gold miner PT Archi Indonesia Tbk is forming a JV with Ormat Technologies to explore geothermal opportunities at its Toka Tindung gold mine concession area
This JV is designed to explore the potential of geothermal energy prospects in the Bitung area of North Sulawesi region, especially within the Toka Tindung gold mine concession area. This is also in line...
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