By 2025, PGE targets a total geothermal capacity of 7,094.5 MW from 437 MW at present. PGE President Director Irfan Zainuddin said, the company has set aside $644 million for capital expenditure in 2016.
Zainuddin elaborates that the funds to finance geothermal energy development projects come from the World Bank and Japan International Cooperation Agency (JICA).
According to the Energy and Minerals Resources Ministry data, 40 per cent of geothermal reserves—potential reserves of 27 GW—and only 1.3 GW has been optimised.
PGE is involved in geothermal exploration and exploitation in 15 working areas in Indonesia: Sibayak-Sinabung, Sibual-buali–Sarulla, Sungai Penuh-Sumurup, Tambang Sawah-Hululais, Lumut Balai, Waypanas-Ulubelu, Cibereum-Parabakti, Pengalengan (Patuha-Wayang Windu), Kamojang-Darajat, Karaha-Telagabodas, Dieng, Iyang-Argopuro, Tabanan-Bali, Lahendong-Tompaso and Kotamobagu.
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