Corporate Secretary Natal Argawan told reporters in Jakarta that PT Jasa Sarana, partner of Wika Jabar, is unable to develop the project. PT Jasa Sarana is a West Java Administration-owned vehicle company that also own minority partnership in Wika Jabar. “We are also looking for partners that have financial power,” Natal added.
Wika Jabar is still waiting on mitigation survey on the 40 MWe geothermal project. Wika has allocated at least US$10 million for the project. The company has yet to clinch power purchase agreement with PT PLN but recent reports said Ministry of Energy & Mineral Resources has agreed to pay US$c6.5 per kWh for the plant.
