Brief: Darco Water Technologies Updates On Acquisition Of PT Panghegar Energy Indonesia

Darco Water Technologies

25/06/2020 13:47

June 25 (Reuters) - Darco Water Technologies Ltd  DRWT.SI :
    * DARCO WATER TECHNOLOGIES UPDATES ON ACQUISITION OF PT
PANGHEGAR
ENERGY INDONESIA
    * GOT LETTER FROM WEST JAVA GOVERNMENT THAT GOVERNMENT NOT
AGREEABLE TO RE-NEGOTIATION OF TERMS OF COOPERATION AGREEMENT
    * LETTER INDICATES PT JABAR. BERSIH LESTARI SHOULD TAKE
STEPS
TOWARDS COMMENCING OPERATION OF PROJECT
    * REMAINS ROOM FOR PT JABAR. BERSIH LESTARI TO CONTINUE TO
ENGAGE
WITH WEST JAVA GOVERNMENT TO FIND SOLUTION FOR  NAMBO PROJECT
    * MANAGEMENT TO WORK CLOSELY WITH JBL TO ENGAGE WITH WEST
JAVA
GOVERNMENT & WORK TOWARDS MAKING PROJECT VIABLE

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Further company coverage:  DRWT.SI 

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