Mon, 23 Aug 2010
Jakarta (ANTARA News) - PT Pertamina Geothermal Energy (PGE), a subsidiary of state oil and gas company PT Pertamina, needed US$2 billion, the equivalent of Rp18 trillion, to build a geothermal power plant with an installed capacity of 1,000 megawatts.

"They money is expected as loan from the United Kingdom, France, Germany, Japan, and the World Bank, and the project completed in 2014," PGE President Director Abadi Poernomo said after providing Pertamina with an assistance for people in Ibun subdistrict, Bandung regency, on Sunday afternoon.

He said building of the geothermal power plant which will be built soon, Karaha Bodas with a capacity of 30 megawatts (MW), will be followed by the building of similar projects, including in Lahendong in North Sulawesi, Sibayak, Ulubelu, in Lampung, Lumutbalai, Hululais, Kotamubagu, and Sungai Penuh in Jambi.

He said that under decision of Energy and Mineral Resources Minister no 32/2010, as the price of geothermal power (PLTP) for state electricity company PT PLN had been set at 9.7 cents per KWH, the construction of the project is quite reasonable.

The problem, he said, is the reach of the network from PLN to the points of the PLTP, which is actually not too far from the existing geothermal resources, and the still non-existing interconnections in Sumatra and in other islands, and the Java-Sumatra power grid.

Pertamina Geothermal Energy (PGE) established in 2006 had already used by the government to develop 15 geothermal concessions in Indonesia. Some 90 percent of the shares of the company which provides pollution-free energy, is owned by PT Pertamina, and 10 percent by PT Pertamina Dana Ventura.

Right now Pertamina has the right of managing 15 geothermal concessions with a total potential of 8,480 MW, which is equal to 4,392 MMBOE. Of 15 concessions, 10 are being run by PT PGE itself, namely, Kamojang with 200 MW, Lahendong 60 MW, Sibayak 12 MW, Ulubelu, Lumutbalai, Hululais, Kotamubagu, Sungai Penuh and Iyang Argopuro, and Karahabodas. Three of the areas have already been producing with a total capacity of 272 MW, or 12,900 BOEPD, and the rest run jointly by a partner producing a total of 922 MW. (*)



News Search/Filter
Transaction Rates
21 Jun 18
Buy
Sell
AED1
3,802.33
3,802.33
AFN1
194.99
194.99
ALL1
128.37
128.37
AMD1
28.96
28.96
ANG1
7,694.52
7,694.52
AOA1
56.63
56.63
ARS1
503.73
503.73
AUD1
10,295.90
10,295.90
AWG1
7,811.32
7,811.32
AZN1
8,203.62
8,203.62
BAM1
8,255.32
8,255.32
BBD1
6,983.33
6,983.33
BDT1
165.28
165.28
BGN1
8,264.94
8,264.94
BHD1
36,960.02
36,960.02
BIF1
7.89
7.89
BMD1
13,966.67
13,966.67
BND1
9,245.03
9,245.03
BOB1
2,021.02
2,021.02
BRL1
3,704.09
3,704.09
BSD1
13,966.67
13,966.67
BTC1
94,382,681
94,382,681
BTN1
205.13
205.13
BWP1
1,344.88
1,344.88
BYN1
6,971.84
6,971.84
BZD1
6,947.79
6,947.79
CAD1
10,495.22
10,495.22
CDF1
8.65
8.65
CHF1
14,019.75
14,019.75
CLF1
598,144.50
598,144.50
CLP1
21.80
21.80
CNH1
2,155.41
2,155.41
CNY1
2,157.81
2,157.81
COP1
4.81
4.81
CRC1
24.63
24.63
CUC1
13,966.67
13,966.67
CUP1
547.71
547.71
CVE1
146.28
146.28
CZK1
626.00
626.00
DJF1
78.44
78.44
DKK1
2,169.87
2,169.87
DOP1
281.96
281.96
DZD1
118.96
118.96
EGP1
781.02
781.02
ERN1
930.51
930.51
ETB1
506.87
506.87
EUR1
16,170.16
16,170.16
FJD1
6,689.98
6,689.98
FKP1
18,398.09
18,398.09
GBP1
18,398.09
18,398.09
GEL1
5,688.87
5,688.87
GGP1
18,398.09
18,398.09
GHS1
2,953.28
2,953.28
GIP1
18,398.09
18,398.09
GMD1
295.81
295.81
GNF1
1.54
1.54
GTQ1
1,863.97
1,863.97
GYD1
66.90
66.90
HKD1
1,780.17
1,780.17
HNL1
582.27
582.27
HRK1
2,191.30
2,191.30
HTG1
209.80
209.80
HUF1
49.94
49.94
IDR1
1.00
1.00
ILS1
3,859.21
3,859.21
IMP1
18,398.09
18,398.09
INR1
205.21
205.21
IQD1
11.73
11.73
IRR1
0.32
0.32
ISK1
127.89
127.89
JEP1
18,398.09
18,398.09
JMD1
105.73
105.73
JOD1
19,657.33
19,657.33
JPY1
126.53
126.53
KES1
138.15
138.15
KGS1
204.49
204.49
KHR1
3.43
3.43
KMF1
32.85
32.85
KPW1
15.51
15.51
KRW1
12.59
12.59
KWD1
46,136.50
46,136.50
KYD1
16,758.96
16,758.96
KZT1
40.99
40.99
LAK1
1.66
1.66
LBP1
9.24
9.24
LKR1
87.45
87.45
LRD1
97.49
97.49
LSL1
1,023.49
1,023.49
LYD1
10,272.48
10,272.48
MAD1
1,462.41
1,462.41
MDL1
826.68
826.68
MGA1
4.14
4.14
MKD1
262.62
262.62
MMK1
10.17
10.17
MNT1
5.76
5.76
MOP1
1,728.02
1,728.02
MRO1
39.23
39.23
MRU1
391.00
391.00
MUR1
397.46
397.46
MVR1
906.34
906.34
MWK1
19.06
19.06
MXN1
685.54
685.54
MYR1
3,487.30
3,487.30
MZN1
235.07
235.07
NAD1
1,023.49
1,023.49
NGN1
38.81
38.81
NIO1
441.04
441.04
NOK1
1,707.68
1,707.68
NPR1
128.23
128.23
NZD1
9,591.16
9,591.16
OMR1
36,279.80
36,279.80
PAB1
13,966.67
13,966.67
PEN1
4,258.09
4,258.09
PGK1
4,273.49
4,273.49
PHP1
261.97
261.97
PKR1
114.92
114.92
PLN1
3,746.32
3,746.32
PYG1
2.44
2.44
QAR1
3,835.94
3,835.94
RON1
3,460.71
3,460.71
RSD1
137.00
137.00
RUB1
219.61
219.61
RWF1
16.09
16.09
SAR1
3,723.85
3,723.85
SBD1
1,758.86
1,758.86
SCR1
1,030.44
1,030.44
SDG1
773.03
773.03
SEK1
1,572.81
1,572.81
SGD1
10,280.86
10,280.86
SHP1
18,398.09
18,398.09
SLL1
2.21
2.21
SOS1
24.10
24.10
SRD1
1,870.20
1,870.20
SSP1
107.21
107.21
STD1
0.65
0.65
STN1
659.27
659.27
SVC1
1,596.03
1,596.03
SYP1
27.12
27.12
SZL1
1,022.98
1,022.98
THB1
425.42
425.42
TJS1
1,533.55
1,533.55
TMT1
3,979.13
3,979.13
TND1
5,360.25
5,360.25
TOP1
6,098.63
6,098.63
TRY1
2,943.00
2,943.00
TTD1
2,072.02
2,072.02
TWD1
462.84
462.84
TZS1
6.13
6.13
UAH1
527.18
527.18
UGX1
3.60
3.60
USD1
13,966.67
13,966.67
UYU1
442.35
442.35
UZS1
1.76
1.76
VEF1
0.17
0.17
VND1
0.61
0.61
VUV1
129.48
129.48
WST1
5,412.53
5,412.53
XAF1
24.65
24.65
XAG1
227,920.01
227,920.01
XAU1
17,731,856.60
17,731,856.60
XCD1
5,167.96
5,167.96
XDR1
19,663.36
19,663.36
XOF1
24.65
24.65
XPD1
13,500,893.35
13,500,893.35
XPF1
135.50
135.50
XPT1
12,164,820.90
12,164,820.90
YER1
55.79
55.79
ZAR1
1,022.28
1,022.28
ZMW1
1,408.68
1,408.68
ZWL1
43.32
43.32
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services