Announced

PT Dian Swastatika Sentosa-backed PT DSSR Daya Mas Sakti and Energy Development Corporation-backed PT FirstGen Geothermal Indonesia to form a joint venture.

Synopsis

PT Dian Swastatika Sentosa-backed PT DSSR Daya Mas Sakti, an Indonesian company focused on geothermal energy development, and Energy Development Corporation-becked PT FirstGen Geothermal Indonesia, an Indonesian geothermal company, agreed to form a joint venture. “This agreement goes beyond investment. It is a strategic collaboration to bring world-class knowledge and best practices from EDC to Indonesia. Our goal is to strengthen national capacity in geothermal development and to fully harness the country’s natural potential for clean energy. Together, we aim to create real value for communities, the economy, and the environment,” Lokita Prasetya, PT DSSR Daya Mas Sakti President Director.

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