Thursday, February 11, 2016

Indonesia: Agreement on Price of Geothermal Steam and Power

Eight contracts signed for geothermal power and steam prices (ANTARA)

Eight sales and purchase contracts for geothermal power and steam were signed on Thursday in the presence of Vice President Jusuf Kalla and Energy and Mineral Resources Minister Sudirman Said.

The agreement on amendment to the contracts included for the sales and purchase prices of geothermal steam of PLTP Kamojang in West Java from its units 1, 2, and 3.

Amendment to the contracts on the price of geothermal power include geothermal power from PLKTP Kamojang Unit 4 which has a capacity of 60 MW and from unit 5 which has a capacity of 35 MW.

Amendments were also made to contracts for sales and purchase price of geothermal steam from PLTP Lahendong Units 1, 2, 3, and 4 in North Sulawesi each with a capacity of 20 MW, geothermal power from PLTP Muara Laboh with a capacity of 220 MW in West Java, and from PLTP Wayang Windu Unit 1 with a capacity of 110 MW and unit 2 with a capacity of 117 MW in West Java.

Meanwhile, PT Pertamina (PGE) and the Agency for Assessment and Application of Technology (BPPT) signed an agreement on study and application of technology on geothermal energy.

PGE President Director Irfan Zainuddin said the amended prices of 6 U.S. cents per kWh of geothermal steam and 9.4 U.S. cent per kWh of geothermal power are fairly good.

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