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Energy

Indonesian geothermal power draws investment from Japan's Inpex

Company to use fossil fuel drilling knowhow to explore energy potential

A villager walks near a geothermal power plant in Indonesia.   © Reuters

TOKYO -- Japanese oil and gas driller Inpex has invested in a geothermal energy project in Indonesia and will study the potential to open a power plant there, the company said on Wednesday.

Inpex acquired a 31.45% stake in Supreme Energy Rajabasa for an undisclosed price from an affiliate of French energy group Engie, with the rest owned by a local company and Japan's Sumitomo Corp.

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