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Jakarta Post

Sarulla geothermal electricity price agreed

  • Alfian

    The Jakarta Post

Jakarta   /   Fri, April 9 2010   /  09:22 am

After a long process of negotiations, state power firm PT PLN and a consortium developing the Sarulla geothermal power plant in North Sumatra finally agreed on the project’s electricity price at 6.79 US cents per kilowatt hour (kWh).“Finally, we signed the PPA [Power Purchase Agreement] on April 1. The consortium agreed with the price offered by PLN which is 6.79 US cents per kWh,” PLN’s director Dahlan Iskan told reporters Thursday. “The contract is made for 30 years,” Dahlan said.The price represents the amount to be paid by PLN to the consortium per kWh of electricity. The current average price of geothermal electricity sold to PLN is at about 7 US cents, chairman of the Indonesian Geothermal Association (API) Suryadarma said.A regulation issued by the Energy and Mineral Resources Ministry stipulates that the maximum price for geothermal electricity sold to PLN is at 9.7 U...