Tekno has drilled a steam producing well, currently capped, that has been evaluated at approximately 6MW of steam in a field owned by Tekno, which has been indicated to hold geothermal resources in the range of 75MW to 150MW.
Pandawa Energy is presently attempting to develop two proven geothermal resource areas on the island of Java and three geothermal areas on other Indonesian islands, collectively thought to hold about 1,000MW of electricity.
The company has received letters of interest from several American and European geothermal industry players for both upstream and downstream financing, and operational and technical expertise on its geothermal projects. A governmental entity has also issued a letter of intent for development of the Tekno phase one 55MW electric power generation project.
