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Indonesia Seeks Investors For New Geothermal Projects

Indonesia’s state-run electricity firm, PLN, is inviting investors to be its partners, to build nine geothermal working areas in the country, the company’s President, Director Darmawan Prasodjo said, yesterday.

Prasodjo said, the geothermal areas would be in Tulehu in Maluku province, Atadei, Oka Ile Ange and Mount Sirung in East Nusa Tenggara (NTT) province, Songa Wayaua in North Maluku province, Tangkuban Perahu in West Java province, Ungaran in Central Java province, Kepahiang in Bengkulu province, and Lake Ranau in the border of South Sumatra and Lampung provinces.

With a total estimated capacity of up to 260 megawatts, these projects aim to accelerate Indonesia’s energy transition and achieve the nationwide net zero emission target by 2060.

“We widely open collaborations with all companies or investors, who are interested in joining us. In this, we (Indonesian government and the upcoming investors later) will together not only build a mutually beneficial business but also produce environmentally friendly energy,” Prasodjo said.

The expected forms of collaboration with the investors included, feasibility studies, construction of geothermal facilities, and energy conversion from geothermal resources.

“Developing geothermal working areas is one of our initiatives, and it also shows our commitment to energy transition. And to optimise our geothermal potential, we need to collaborate more broadly,”

Source: Nam News Network (NNN)


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June 2023