ARTICLE

PGEO – A signed NDA with Kipas Holding, Turkey - to expand geothermal business Pertamina Geothermal (PGEO) officially signed an NDA with a Turkish company, Kipas Holding as the third largest geothermal supplier in Turkish, which is for PGEO' business expansion and cooperation in the geothermal business. The Turkish government offers favourable feed-in tariffs for long-term foreign investment that will have a positive impact on PGEO. The signing of the NDA took place on February 2, 2024. Note that, PGEO have several NDAs with other geothermal developers in Turkey. PGEO has also started working with Kenya, since last year. Thus, PGEO will continue to explore more cooperation opportunities in the geothermal business. (Source: Bisnis Indonesia)