Supreme Energy is confident it will secure financing by March.
Supreme Energy Rantau Dedap, PT Supreme Energy's subsidiary, announced it will start drilling wells in Rantau Dedap for the geothermal project by mid-2018.
The company anticipates to finally secure financing in March, funds from which will allow the company to start the drilling activities.
It is currently in negotiation for loans with Japan Bank for International Cooperation and Asia Development Bank.
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