Wednesday, October 26, 2016

Indonesia: PT Pertamina Geothermal Energy is Front-runner for Chevron's Geothermal Resources

Pertamina Geothermal likely to take over Chevron`s assets (ANTARA)

A subsidiary of the National Oil and Gas Company, PT Pertamina Geothermal Energy (PGE), is likely to win a bid in an auction for two geothermal power plants of Chevron Geothermal Indonesia Ltd.

The PGE is expected to beat five other companies competing for the two plants with a capacity of 632 megawatts.

"In addition to having financial support from the parent company, the PGE has a good track record and a proven ability for developing geothermal power plant in the country," Renewable Energy Community (METI) Chairman Surya Dharma said here on Wednesday.

He added that of the six companies participating in the auction, the PGE was the most ideally suited company to manage Chevrons geothermal assets.