SET-listed Electricity Generating Plc (Egco) has expanded its portfolio in Indonesia by acquiring shares in two geothermal power plants in West Java from Chevron’s affiliates.
The affiliate of Egco Group, Star Energy Group Holdings Pte Ltd and AC Energy Holdings Inc entered into an agreement to acquire shares from Chevron’s affiliates in Salak and Darajat geothermal power plants in Indonesia on Dec 22.
As the result, Egco Group will hold 20.07%…
