Indonesia:

Pertamina, Chevron, Star Energy to Jointly Develop Geothermal Projects (ANTARA)

(Courtesy CIA.gov)

PT Pertamina Geothermal Energy (PGE) has signed principles of agreement (PoA) with Chevron Geothermal Indonesia Ltd and Star Energy Geothermal Pte Ltd to develop six geothermal power plants in Indonesia.

PGE spokesman Hendi Suhendi said on Wednesday that the agreement was signed in Jakarta on Tuesday. "With the PoA, all sides have agreed to cooperate to develop a financial model and work schedule for the geothermal projects," he added.

He said four of the six projects -- Hululai, Tambang Sawah, Sungai Penuh and Semurup -- will be developed in cooperation with Chevron.

Star Energy will develop units 1, 2 and 3 of the Karaha Bodas geothermal power plant, he added.

Read More.....