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RENEWABLE ENERGY

Panax planning to heat up Indonesia

PANAX Geothermal has firmed up its Indonesian geothermal plans by signing a binding terms sheet agreement with Indonesia's Bakrie Power to pursue brownfield geothermal opportunities in the country.

Marija Stojkovic
Panax planning to heat up Indonesia

The new agreement replaces the previous memorandum of understanding between Panax and Bakrie, signed in June. Under the deal, the two companies will jointly explore and develop geothermal resources...

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