Proactiveinvestors recommends

Red Sky Energy sees upside potential as New South Wales decision on Talma CSG pilot draws near
Xceed Resources: Cash backed and developing coal production and cash flows from Moabsvelden
Oro Verde on the exploration trail of gold and copper in Chile, commences trading today

Additional Information

Market:	ASX
Sector:	Alternative Energy
EPIC:	GER
Latest Price:	0.06 (0.00%)
52-week High:	0.15
52-week Low:	0.05
Market Cap:	5.13M

1 year chart

1 day chart

Greenearth Energy Full Greenearth Energy profile here

Greenearth Energy (ASX: GER) is a diversified Australian renewable energy company that has interests in conventional geothermal resources in Australia, Indonesia and the wider Pacific Rim.

The company also has technology opportunities and project applications in the waste heat recovery, energy efficiency, combined heat and power solar, and CO2 to fuel conversion markets.

Greenearth Energy reports on PT. Geo Power Indonesia's production plans

Monday, July 05, 2010

Greenearth Energy (ASX: GER) has reported that PT. Geo Power Indonesia has signed a non binding Memorandum of Understanding (MoU) with the Cengiz Holding of Turkey to develop a Java based site in Indonesia for the production of geothermal power.

Greenearth Energy's 100% wholly owned subsidiary Greenearth Power Pty Ltd has a 40% interest in PT. Geo Power Indonesia.

The Turkish based Cengiz Holding's operates in numerous fields of business including Construction, Energy, Mining and Tourism. Within the Energy sector, Cengiz Holding has a successful track record in building and operating coal, natural gas and hydroelectric power generation infrastructure.

Greenearth Energy, along with fellow PT. Geo Power Indonesia partners Jakarta based Santini Group and North American based International Investment Resources LLC, "looks forward to working with Cengiz Holding."

Over the next 90 days, Cengiz Holding will complete due diligence before moving to a formal agreement.

Mark Miller, managing director, said Greenearth Energy believes this dynamic group collective have the skills, experience and track record to successfully deliver Geothermal Power development in Indonesia.

The group's Java based site in Indonesia has the potential to deliver several hundred megawatts (MW) of base load, zero emissions Geothermal Power.

Last December Greenearth Energy was awarded both a $7 million grant from the Australian Government and a $25 million grant from the Victorian Government for its vanguard Geelong Geothermal Power Project in Victoria, a project that has the potential of providing emissions-free baseload renewable power.

Greenearth Energy shares rose 5.56% to 9 cents in trading today.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.