Following announcements of better electricity prices for geothermal power plants, Pertmania announces plans for additional eight geothermal projects with a combined capacity of 900 MW and an investment volume of $2.7 billion.
We reported previously of ambitious geothermal development plans by Indonesian Pertamina, and now the company provides additional details.
Pertmania Geothermal Energy, the geothermal subsidiary of state energy firm Pertamina, has plans to develop additional eight geothermal projects.
The company expects to start work on those projects next year, with no details available on the location of those.
“Slamet Riyadhi, president director of PGE, said the company planned to spend an additional $2.7 billion on geothermal projects. That is in addition to the $6 billion it has invested in the ongoing development of 10 geothermal projects.
The new projects would generate 900 megawatts of electricity, he said. The 10 projects already in development would have an estimated combined capacity of 962 megawatts once completed.”
Slamet said the Energy and Mineral Resources Ministry and the Forestry Ministry had signed a memorandum of understanding on the utilization of forest areas for geothermal projects that could speed up the process of obtaining permits.
“Now we can secure a permit for a geothermal project a month or two faster than usual,” he said. “This is good. Now we can achieve our target of generating 2,000MW of electricity in 2018, ahead of our previous timeline of 2020.”
Source: The Jakarta Globe