Geothermal Director of the Directorate General of Renewable Energy and Energy Conservation (EBTKE), Ministry of Energy and Mineral Resources (ESDM) Saifulhak Yunus said that the Ranau Lake auction block has been on offer since the end of November.
The Lake Ranau geothermal working area is 8,561 hectares with an estimated reservoir temperature of 200 degrees Celsius. Reserves of 210 MW are possible but only 55 MW are slated for initial development at a benchmark price of US $ 14.6 cents per kilowatt hour (kWh). The project is targeted to come on stream in 2022.
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