Indonesia’s Pertamina unit to invest $2.5b on 7 geothermal projects

Indonesia geothermal power producer PT Pertamina Geothermal Energy (PGE), a unit of state-owned PT Pertamina, will invest $2,5 billion to develop seven geothermal projects, that may be commissioned by 2019.

By 2025, PGE targets a total geothermal capacity of 7,094.5 megawatts (MW) from 437 MW at present.

PGE President Director Irfan Zainuddin said, the company has set aside $644 million for capital expenditure in 2016.

Zainuddin elaborates that the funds to finance geothermal energy development projects come from World Bank and Japan International Cooperation Agency (JICA).

read more


Posted December 1, 2015 by repit in News

%d bloggers like this: