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US’s Ormat Buys 49% Shares of Ijen Project from Medco Power

JAKARTA (TheInsiderStories) - Ormat Technologies Inc., (NYSE: ORA), has signed an agreements to acquire 49 percent of the Ijen geothermal project company, which is holding...

Indonesia’s Medco First Half Net Profit Falls 48%

JAKARTA (TheInsiderStories)--PT Medco Energi International Tbk (IDX: MEDC)'s net profit for the first half this year fell 48.6 percent to US$41.4 million (year on...