PLN to buy Pertamina geothermal steam<\/p>\n
JAKARTA (JP): State electricity company PT Perusahaan Listrik
\nNegara (PLN) signed an agreement on Wednesday to buy geothermal
\nsteam from state oil and gas company Pertamina for its planned
\n20-megawatt (MW) power plant in North Sulawesi.<\/p>\n
PLN's President Director Adhi Satriya said that PLN would buy
\ngeothermal steam from Pertamina for 30 years starting from 2001.<\/p>\n
Adhi said the power generated by the Lahendong geothermal
\nplant would be transmitted through the 70 kilovolt Minahasa power
\ngrid.<\/p>\n
\"Once the Lahendong geothermal power plant is operating, the
\npower demand on the Minahasa power network will be fulfilled.
\nBut, the network will still need some power reserves,\" Adhi said
\nduring the signing ceremony of the agreement.<\/p>\n
He said PLN would buy the geothermal steam at Rp 161.5 (2 US
\ncents) per kilowatt hour until the end of 2001.<\/p>\n
Thereafter, the price would be reviewed every three months,
\ntaking into account the rupiah's exchange rate against the dollar
\nand the inflation rate.<\/p>\n
Adhi said PLN would build the power plant with a loan worth
\n140 million French francs ($23 million) provided by the French
\ngovernment.<\/p>\n
Pertamina will invest $15 million to build the facilities to
\nproduce the geothermal energy.<\/p>\n
According to Pertamina's president Martiono Hadianto, the
\nLahendong geothermal steam resource is estimated to have a power
\ngeneration capacity of 60 MW.<\/p>\n
\"As such, the option to increase the Lahendong geothermal
\npower plant as stated in the contract is very viable,\" Martiono
\nsaid.<\/p>\n
Adhi said the Lahendong power plant is scheduled to come on
\nstream in September 1999, but PLN has delayed the completion of
\nthe project until Oct. 2000 due to the monetary crisis which has
\ncrippled the country's economy for almost two years.<\/p>\n
The government said the country has geothermal energy
\nresources of more than 19,000 MW but only a small part has been
\ndeveloped.<\/p>\n
Several foreign independent power producers (IPP) have
\nembarked on the development of the country's geothermal resources
\nbut most of the projects were put on hold by the government in a
\nretrenchment measure to deal with the economic crisis. (jsk)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pln-to-buy-pertamina-geothermal-steam-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}