Ijen

In June 2011, MPI secured a contract from the Provincial Government of East Java for the development of a 2x55 MW geothermal power plant at Ijen. A geology and geophysics (G&G) study to determine the geothermal reserves at the site was conducted in 2012. Currently, MPI is preparing to drill an exploration well at the site. Concurrently, MPI is negotiating a Power Purchase Agreement (PPA) with PLN, and expects to sign the PPA in 2013.