Geothermal Energy Holding at a Standstill
Monday, January 31, 2022
The plan to merge state-owned geothermal energy assets is again held back by disagreements over valuation. Pertamina Geothermal is preparing to move forward on its own.
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PERTAMINA Geothermal Energy directors must complete the company’s audited 2021 financial report in a hurry before its initial public offering (IPO) in the first semester of this year. Pertamina Geothermal Corporate Secretary Muhammad Baron says the state-owned enterprises ministry forbids the company to give the Financial Services Authority (OJK) its financial report from the third quarter of 2021 as an IPO requirement. Required documents m
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