Indonesia's Pertamina Geothermal in talks to buy KS Orka unit for up to $1b

Indonesia's Pertamina Geothermal in talks to buy KS Orka unit for up to $1b

FILE PHOTO: Officials inspect a steam separator tower at Pertamina’s geothermal binary plant in Lahendong, Tomohon, North Sulawesi province, Indonesia, April 25, 2022. REUTERS/Fransiska Nangoy

Pertamina Geothermal Energy (PGE) , a unit of Indonesian state energy firm Pertamina, is in advanced talks to buy a geothermal unit owned by KS Orka Renewables for up to $1 billion, two sources with knowledge of the matter said.

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