POST Online Media Lite Edition



 

Green Era acquires stake in Indonesia-based Star Energy for $440 million

Christian Fernsby |
Singapore-based Green Era has announced that they have acquired a 33.33% stake in Star Energy Group Holdings.

Article continues below



Topics: GREEN ERA    INDONESIA    STAR ENERGY   

Star Energy owns controlling stakes in geothermal energy assets in Wayang Windu, Salak, and Darajat geothermal power plant in Indonesia with a total gross generation capacity of 875 MWe.

Green Era acquired the 33.33% stake from BCPG Public Company Limited with an all-cash for shares consideration of $440 million, corresponding to 250,801 shares.

The remaining 66.67% stake of Star Energy is still owned by PT Barito Pacific Tbk, an Indonesia-based integrated energy company.


What to read next

Star Bulk and Oceanbulk Carriers to create new company
Best Buy to sell its Five Star business in China
Lauritzen Bulkers signs eight year contract with Green Circle Bio Energy