
Geo Energy’s $200m project bags insurance backing from SINOSURE
The insurance coverage will support the development of Geo Energy’s Integrated Infrastructure.
Geo Energy Resources has secured approval from SINOSURE to provide full insurance coverage to support the development of its Integrated Infrastructure valued at $205.4m (USD150m).
The Integrated Infrastructure (MBJ Project) comprises an approximately 92km hauling road and an associated jetty in the South Sumatera and Jambi Province, Indonesia.
The endorsement from SINOSURE ensures credit risk coverage that facilitates the Engineering, Procurement, and Construction (“EPC”) contractors in securing financing for the project.
The MBJ Project is part of the company’s growth plans to enhance logistics efficiency and coal production capabilities for its TRA coal mine.