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Jakarta Post

$5 billion of deals signed at World Geothermal Congress

  • Alfian and Desy Nurhayati

    The Jakarta Post

Jakarta   /   Tue, April 27 2010   /  10:17 am

The signing of 12 geothermal-related business contracts worth around US$5 billion marked the opening of the World Geothermal  Congress 2010 on Monday, in Nusa Dua, Bali.“The 12 projects were signed to precede the second phase of the fast-track electricity program,” Coordinating Economic Minister Hatta Rajasa told the congress. Included in the contracts were cooperation agreements between state power firm PT PLN and PT Pertamina Geothermal Energy (PGE) — a geothermal business branch of state oil and gas company PT Pertamina — to develop four geothermal power plants.The four projects are: unit IV of the Lahendong power plant in North Sulawesi; units I through IV of the Kotamobagu power plant also in North Sulawesi, unit I and II of the Hulu Lais power plant in Bengkulu, and unit I and II of the Sungai Penuh power plants in Jambi.“The four projects require a total invest...