Indonesia arguably has the best geothermal resources in the world. It is considered a world geothermal ‘hotspot’, with the Indonesian Government planning to increase generation by 240 per cent in the next four years to more than 4,000 megawatts – or the equivalent of about 12 large power stations.
Raya has secured a significant agreement with PT Bakrie Power, part of the listed Bakrie Group, to explore, develop and generate power from geothermal resources across Indonesia.
Raya has secured participation in what can be described as a historic wave of geothermal development in Indonesia. There is strong local government and community support for geothermal projects throughout the country.