4 November 2009– GE Energy Financial Services, a unit of GE Energy, has loaned US $50 million to a 220 MW geothermal power plant, the Wayang Windu plant, in Indonesia. The loan is one of GE’s first geothermal power investments outside of the United States.
Wayang Windu taps into underground pockets of steam and hot water, bringing the geothermal fluid to the surface where it passes through a conventional steam turbine generator to produce electricity and is re-injected into the geologic formation.
The financial company made the loan to a unit of Star Energy, a privately-held Indonesian energy developer. GE has invested $1.2 billion in Indonesia since it began operations there in 1940.
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