Indonesian state-owned oil and natural gas company Pertamina has announced plan to invest $2.5bn on geothermal power plant development in the country.
The investment will help boost the capacity of the geothermal power plants from 505MW to 907MW by 2019.
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Pertamina said that the geothermal plants will help the country in reducing dependency upon fossil fuel, and will save 43,000-barrel oil equivalent per day.
The company is already developing several geothermal plants including Kamojang 5 (1×35 MW) and Karaha (1x30MW) in West Java Province, Ulubelu 3 and 4 (2×55 MW) in Lampung Province, and Lumut Balai 1 and 2 (2×55 MW) in South Sumatra Province.
Other projects include Lahendong 5 and 6 (2×20 MW), Lahendong (2×5 MW) and Sibayak (1×5 MW) in North Sumatra Province; Hululais 1 and 2 (2×55 MW) in Bengkulu Province; and Sungai Penuh 1 (1×55 MW) in Jambi Province.
Pertamina said that its subsidiary Pertamina Geothermal Energy (PGE) is managing the development of the projects while development is carried by Rekayasa Industri.
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By GlobalDataPertamina president director Dwi Soetjipto said: "We have put the development of geothermal energy in one of our strategic priorities and we’ve had the blue print for the development until 2019.
"All of the geothermal projects have a total capacity of 505MW for which the value of investment reached $2.5 bn."
Image: Units 1 and 2 at Ulubelu Geothermal Power Station. Photo:courtesy of Sumitomo Corporation.
