Wed, 25 Feb 2009
Jakarta (ANTARA News/Asia Pulse) - PT Pertamina Geothermal Energy (PGE) has said it will spend US$130 million this year to finance development of a number of geothermal power projects.

PGE President Abadi Poernomo said the subsidiary of state oil and gas company PT Pertamina was now developing the Ulu Belu geothermal power project in Lumut Balai and the fifth and sixth units of the Lahendong geothermal power plants in North Sulawesi.

Poernomo said that PGE was carrying out feasibility studies before seeking a loan fund from the World Bank to finance the project.



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