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RAYA GROUP LIMITED

ASX: RYG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Raya is a geothermal exploration and development company pursuing a range of projects in Australia and internationally. Raya is based in Melbourne with projects in South Australia, Indonesia and India.

Raya’s Limestone Coast Project covers most of the South Australian part of the Otway basin, targeting hot sedimentary aquifers located in sub-basins or troughs in the Otway basin. The Penola Project is part of the Limestone Coast Project.

Raya has several projects in Indonesia in joint ventures with some of Indonesia largest companies. Raya has secured a significant agreement with PT Bakrie Power, part of the listed Bakrie Group, to explore, develop and generate power from geothermal resources across Indonesia.

Raya is targeting projects in the Himalayan geothermal province which has an extreme high-heat zone and is abundant in geothermal resources. Raya has focused its attention on the Puga Valley which is considered one of the most promising geothermal regions in the country. Raya has strategically entered into India’s geothermal industry by partnering with locally-owned companies to explore and develop geothermal projects with commercially attractive tariffs.

Mine For

geothermal

Location of operation(s)

South Australia, Indonesia, India

Australian Basins

Otway

Address

412 Collins St
Melbourne, Victoria, AUSTRALIA

Phone

+ 61 3 9642 0655

Email

Website


Last Updated

18/2/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.