JAKARTA (AFX-ASIA) – US-based Karaha Bodas Co has rejected allegations by Indonesian government auditors that it misrepresented the cost of building geothermal power plants in Java, which are at the centre of a protracted legal battle between itself and state-owned oil and gas firm Pertamina. Karaha said its expenditure on the joint venture project exceeded…
INDONESIA: Karaha Bodas rejects allegations regarding investment in Indonesia
Posted on August 6, 2002 by EnergyAsia