Apas Kiri will be Malaysia's first geothermal energy development. It is expected to come online by early 2015 with a rated net capacity of 30MWs. Continental Energy owns a 10 percent stake in TGE.
The grant will be disbursed under the Facilitation Funds Agreement (FFA) by Bank Pembangunan Malaysia Berhad (BPMB), a development bank owned by the Malaysian Government and mandated to provide medium to long term financing to capital intensive development and infrastructure projects.
The proceeds of the grant are to be exclusively utilized by TGE to pay for costs associated with constructing access roads and making related infrastructure improvements involving the Apas Kiri geothermal power development....
TGE receives US$11.5 million grant for Apas Kiri geothermal project
No comments:
Post a Comment