Monday, November 30, 2015

Indonesia: Pertamina Targets 7,000 MW Geothermal Capacity by 2025

Pertamina unit to invest $2.5b on 7 geothermal projects (DealStreetAsia)

Indonesia geothermal power producer PT Pertamina Geothermal Energy (PGE), a unit of state-owned PT Pertamina, will invest $2,5 billion to develop seven geothermal projects, that may be commissioned by 2019.

By 2025, PGE targets a total geothermal capacity of 7,094.5 MW from 437 MW at present. PGE President Director Irfan Zainuddin said, the company has set aside $644 million for capital expenditure in 2016.

Zainuddin elaborates that the funds to finance geothermal energy development projects come from the World Bank and Japan International Cooperation Agency (JICA).

According to the Energy and Minerals Resources Ministry data, 40 per cent of geothermal reserves—potential reserves of 27 GW—and only 1.3 GW has been optimised.

PGE is involved in geothermal exploration and exploitation in 15 working areas in Indonesia: Sibayak-Sinabung, Sibual-buali–Sarulla, Sungai Penuh-Sumurup, Tambang Sawah-Hululais, Lumut Balai, Waypanas-Ulubelu, Cibereum-Parabakti, Pengalengan (Patuha-Wayang Windu), Kamojang-Darajat, Karaha-Telagabodas, Dieng, Iyang-Argopuro, Tabanan-Bali, Lahendong-Tompaso and Kotamobagu.

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