Indonesia Energy signs MOU with Aguila Energia

Indonesia Energy (INDO) announced that it signed a Memorandum of Understanding with Aguila Energia e Participacoes, an affiliate of Rio de Janeiro-based investment firm Aguila Capital, as part of the official signing ceremonies during the summit meetings between President Prabowo Subianto of Indonesia and President Luiz Inacio Lula da Silva of Brazil. The MOU establishes a cooperative, non-binding framework between IEC and AEP to jointly identify, evaluate, and pursue potential opportunities using state funded and other sources of capital to cooperate in the development of two hybrid energy pilot projects integrating solar power and natural gas from AEP’s assets in the Northeast region of Brazil. The aim of this effort would be to provide autonomous energy infrastructure for data centers in Brazil, with each project being potentially capable of initial generation capacity of 10 MW, with the potential for progressive expansion up to 400 MW.