By Sheldeen Joy Talavera, ReporterLOPEZ-LED First Gen Corp. will allocate up to $80 million (P4.5 billion) as its initial investment in a geothermal development project in Indonesia with PT DSSR Daya Mas Sakti (DSSR), a local geothermal energy company. In August, Energy Development Corp. (EDC) announced that its subsidiary PT First Gen Geothermal Indonesia had entered into an agreement with DSSR to develop geothermal resources with a total capacity of 440 megawatts (MW) across Indonesia. DSSR is an indirect subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), which is engaged in geothermal energy development. Mr. Puno described Sinar Mas as a “very established” conglomerate, calling the venture a strong platform for geothermal development in the region. EDC, the renewable energy arm of First Gen, has an installed capacity of 1,480.19 MW, representing around 20% of the country’s total renewable energy capacity.