Philippines The first gene, Sinar Mas will develop over two billion geothermal projects in Indonesia

Integrated geothermal complex owned and managing the first EDC Geno in the Philippines.

The courtesy of the first gene

Sined but-Doctused by Tikon Franka Vžee and his family – partner is with Philippine Tikon Federico LopezThe first Gene Corp. Build six geothermal power plants with a combined capacity of 440 megawatts in Indonesia.

Projects would include about $ 2.2 billion investing, or $ 500 million for every 100mV capacities, a person who is known to invest Forbes Asia. The assessment includes drilling and other investments for underground investments for steam fields and power plants, the source said.

Sinar Mas Unit PT DSSR Daia Mas Sakti and PT The first geothermal Indogesia, the unit of the first General General, plans to develop six fields in western Java, Flores, Jambi, West Supatra and Central Sulawesi, in a joint statement

Indonesia has about 40% of world geothermal reserves, but only 10% developed, providing an archipelago with a large unused resource to encourage their goal of clean energy transition.

“Our goal is to strengthen the national capacity in geothermal development and to take full advantage of the natural potential of the country for clean energy,” said DSSR president Daia Mas Saktia Lokita Prasetia.

The first genes of the Unit Energy Development Corp. (EDC) – which possesses and manages 13 integrated geothermal power plants through a combined installed capacity of 1,189mVs will cross a geothermal project in Indonesia.

The first Philippine first general revives its international ambitions more than a decade since the EDC ruled out abroad for the first time. In 2011, the EDC entered Chile to explore potential geothermal sites, but it has yet to build an object in the country.

The first gene pushes forward with expansion plans after being objected to sell 60% of its stake in gas assets To the Philippine Casinos-Ports, a billionaire Enrique Razon Jr. For 50 billion pesos ($ 875 million). It invests $ 9 billion to quadruple their renewable energy at 13 gigavati until 2030. Years.

In addition to gas, which provides 55% of the first general capacity and geothermal, energy portfolio of Filipino companies includes hydro, solar and wind.

With net worth 18.9 billion dollars, the Verzi family ranked no. 4 on Forbes List Indonesian 50 richest published in December 2024. In addition to energy, Family Sinar Mas Group has interests in agribusiness, mining, paper mills, financial services, real estate and telecommunications.

The Lopez family, which has a net worth of 285 million dollars, is ABS-CBN control shareholder, once the largest broadcasters in the country. She trained network streaming and dividing content with other networks after Philippine Lawmakers 2020. He rejected the offer of media companies to restore his franchise.