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Jakarta Post

PLN, Pertamina to spend $3.6b on geothermal projects

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Fri, August 23 2019   /  02:14 am

State-owned electricity company PLN and energy company Pertamina are slated to respectively invest US$1 billion and $2.68 billion in developing geothermal power plants around the country over the next few years.The two companies, through their namesake subsidiaries PLN Gas & Geothermal (GG) and Pertamina Geothermal Energy (PGE), provided more than one-third of the country’s total 1,948 megawatt geothermal power supply last year, according to Energy and Mineral Resources Ministry (ESDM) data.Going forward, a PLN GG director told reporters in Jakarta on Aug. 14 that the company aimed to add 675 MW of geothermal capacity by 2023 — in line with PLN’s nine-year electricity procurement plan — while a PGE director said his company planned to increase capacity by 495 MW by 2026.The additional power will come from the same power plants where PLN focuses on downstream activities while ...