# KS Orka acquires seven geothermal concessions in Indonesia from Hitay

KS Orka Renewables Pte. Ltd. signed a Share Purchase Agreement to acquire 100% of Inter Investment Pte. Ltd., which holds seven geothermal concessions in Indonesia, for a total transaction price of $60 million. The acquisition was announced on February 10, 2022.

- Type: Acquisition
- Announced: 2022-02-10
- Where: Indonesia, Indonesia
- Value: $60.0M
- Status: announced
- Capacity: 990 MW resource potential
- Products: geothermal energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [KS Orka Renewables](https://endata.com/companies/60979.md) (acquirer)
- [Inter Investment](https://endata.com/companies/60980.md) (target)
- [Hitay Group](https://endata.com/companies/60981.md) (partner)

## Sources

- [thinkgeoenergy.com](https://www.thinkgeoenergy.com/ks-orka-to-acquire-turkish-groups-geothermal-portfolio-in-indonesia/), 2022-02-10: "KS Orka has acquired seven greenfield geothermal concessions in Indonesia previously held by Inter Investment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.