Archi and Ormat to develop exploration drilling programme in Indonesia

Ormat Technologies Inc. and PT Archi Indonesia Tbk, one of the largest pure-play gold mining companies in Indonesia and Southeast Asia, have signed an agreement to establish a joint venture company, PT Toka Tindung Geothermal (TTG).

Indonesia gold miner PT Archi Indonesia Tbk is forming a JV with Ormat Technologies to explore geothermal opportunities at its Toka Tindung gold mine concession area

29 September 2021
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This JV is designed to explore the potential of geothermal energy prospects in the Bitung area of North Sulawesi region, especially within the Toka Tindung gold mine concession area.

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