Raya Group signs PPA for Sokoria project in IndonesiaField location, Sokoria project, Flores, Indonesia (source: Panax Geothermal)Francisco Rojas 2 Oct 2014An official press release states that the final Power Purchase Agreement has been agreed between PT PLN (Persero) and PT Sokoria Geothermal Indonesia. The market will be informed when official sign off has been obtained, it is expected this will be received within the next 7?10 days. Furthermore, specific financial information and forecast revenues will also be announced to the market when receipt of official sign off has been obtained. In further positive news in relation to the Sokoria project, SGI has obtained a “Temporary Electricity Business License” (IUPTLS) from the Directorate General of Electricity, and also secured a Bank Guarantee for the Performance Security Stage 1 against the first 5mw unit for this Geothermal Project. The Sokoria Geothermal Project is a Joint Venture project with PT Bakrie Power, for a 30mw Geothermal development on Flores Island, Indonesia.