The government is set to inject Rp 700 billion (US$49.83 million) into state-owned geothermal company Geo Dipa Energi next year to increase the company’s production capacity and support renewable energy projects.
Geo Dipa said in a statement that the state capital injection (PMN) from the Finance Ministry would be used to develop a 55-megawatt geothermal power plant in Patuha, West Java province, and another 55-MW plant in Dieng, Central Java. The plants are expected to be operational by 2023.
Geo Dipa president director Riki Firmandha Ibrahim told reporters in Jakarta on Wednesday that the company was focusing this year on procuring equipment and inking contracts.“Next year, we will begin drilling and constructing the plants jointly financed by the multilateral lender ADB [Asian Development Bank],” he added.