Wednesday, November 14, 2018

Indonesia: Geothermal Preliminary and Exploration Survey Area Up for Auction in West Sumatra

Ministry of Energy and Mineral Resources (ESDM) Auction for Geothermal Areas in West Sumatra (Asean Power)

The Ministry of Energy and Mineral Resources (ESDM) through the Directorate General of Renewable Energy and Energy Concertation (EBTKE) again auctioned geothermal Preliminary and Exploration (WPSPE) Survey Areas.

The WPSPE offered is WPSPE Bonjol, located in Pasaman Regency, West Sumatra Province. The potential capacity is estimated at 200 megawatts (MW) with a land area of ​​7,441 hectares.

ESDM Director General of Geothermal Energy, Ministry of Energy and Mineral Resources Ida Nuryatin Finahari said the implementation of the offer will last for 1 month. The auction document must be submitted no later than the interested business entity on November 21, 2018.

The business entity designated as the winner will conduct a Pre Transaction Agreement (PTA) with PT PLN (Persero) after exploration is complete and a Geothermal Permit is issued. The reference price of electricity in the PTA referred to follows the provisions of the legislation.

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