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.
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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