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Jakarta Post

Economy in brief: Firms amend PPA for geothermal project

  • The Jakarta Post

Jakarta   /   Wed, November 22 2017   /  12:30 am

State-owned electricity firm PLN and PT Supreme Energy Rantau Dedap (SERD) have signed an amendment to the power purchase agreement (PPA) for the Rantau Dedap geothermal plant to be built in Muara Enim, South Sumatra. “The signing shows that the government is quite flexible and accommodative toward new and renewable energy sources. The agreement on the Rantau Dedap electricity tariffs is also based on the government’s good intentions to develop geothermal energy,” SERD president and CEO Supramu Santoso said in a press release on Tuesday. The PPA was amended following the drilling of six exploration wells in 2015 and the completion of a feasibility study in 2016. As a result, it was confirmed that the Rantau Dedap geothermal site had enough energy resources to build a power plant with a capacity of 86 megawatts in the first phase.Following the tariff adjustment, SERD will move towa...