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3 hours ago•Market
Impact 3/10
Positive market sentiment expected
BULLISH

US Company Wins Auction to Develop Geothermal Project in Halmahera

US Company Wins Auction to Develop Geothermal Project in Halmahera
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has awarded the Telaga Ranu geothermal working area (WKP) in West Halmahera, North Maluku, to PT Ormat Geothermal Indonesia, a subsidiary of US-based Ormat Technologies, Inc. The auction winner was announced through Ministerial Decree No. 8.K/EK.04/MEM.E/2026 dated January 8, 2026. The company must pay the base price of the working area data as non-tax state revenue within four months and establish an exploration commitment with a state-owned bank.
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has awarded the Telaga Ranu geothermal working area (WKP) in West Halmahera, North Maluku, to PT Ormat Geothermal Indonesia, a subsidiary of US-based Ormat Technologies, Inc. The auction winner was announced through Ministerial Decree No. 8.K/EK.04/MEM.E/2026 dated January 8, 2026. The company must pay the base price of the working area data as non-tax state revenue within four months and establish an exploration commitment with a state-owned bank.
Source: Financial Portal
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Major Indonesian Banks Post Record Q3 2024 Profits Amid Economic Growth

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Big Four Banks Indonesia See Highest Third Quarter Earnings in History

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Indonesian Banking Sector Achieves Peak Performance Q3 2024 Results

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Indonesian Banking Sector Records Q3 2024 Profit Surge with 23% YoY Growth

Based on comprehensive analysis from 5 trusted financial portals, Indonesia's major banks achieved record-breaking profits in Q3 2024. Key drivers include improved net interest margins, declining NPL rates, and strong digital banking adoption momentum.

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AnalisaHub is Indonesia's leading AI-powered financial news intelligence platform. We aggregate news from top Indonesian financial publications, analyze them using advanced AI, and deliver bilingual insights to help investors make informed decisions.
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We aggregate news from Indonesia's most trusted financial publications: Kontan, Detik Finance, and Bisnis Indonesia. These sources are carefully selected for their accuracy, credibility, and comprehensive coverage.
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