Indonesia’s PERTAMINA to Invest US$2.5 Billion in Geothermal Power Plants

State Oil and Gas Company PT PERTAMINA (www.pertamina.com/en) has set aside Rp33 trillion or US$2.5 billion for investment in geothermal power plant development through 2019. President Director of Pertamina Dwi Soetjipto said here in a release on Sunday that the investment fund will be used to enhance the capacity of the geothermal power plants from 505 Megawatt to 907 Megawatt by 2019.

"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," Dwi Soetjipto said during the inauguration of the Kamojang Geothermal Plant in Garut, West Java. The 907 MW capacity geothermal power plant is expected to reduce the use of fuel oil until 43,000 barrel oil equivalent per day.

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Posted July 7, 2015 by repit in News

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