ENEL Steps Into Indonesian Renewables Market With Geothermal Tender Award (News Release)
Enel Group’s renewable energy division
Enel Green Power (EGP), in consortium with the Indonesian geothermal developer PT Optima Nusantara Energi, has been awarded the right to hold the license to explore geothermal resources and develop the 55 MW Way Ratai geothermal power project in the Way Ratai area, in Indonesia’s Lampung province, following the tender launched by the Indonesian Ministry of Energy and Mineral Resources in December last year.
The project will be the first to be developed by Enel in the country, marking the company’s entry into Indonesia’s renewables market. Enel will be investing up to 30 million US dollars for the exploration phase of the project, which is part of the investment program set by the Group’s current strategic plan.
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