Friday, December 7, 2012

Indonesia:

Pertamina Plans Massive Expansion, Including Geothermal (Jakarta Post)

Ulubelu geothermal power station 
(Courtesy Ulubelu geothermal power station) 
State-owned oil and gas company PT Pertamina has launched massive expansion plans on Thursday, marked by the inauguration of eight upstream and downstream projects worth a total of US$15.8 billion.

Included is plans for the  recently built Ulubelu Geothermal Power Plant (PLTP) unit 1 and 2 in Lampung, worth $114 million.

President Susilo Bambang Yudhoyono said the projects would help Pertamina become a “world-class energy company” and “Asia’s energy champion” by 2025.

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