GeoDipa commences construction of Dieng 2 and Patuha 2 geothermal plants, Indonesia
The groundbreaking for the GeoDipa's Dieng 2 and Patuha 2 expansion project was attended by Minister of Finance Sri Mulyani Indrawati, who have a message promoting professionalism and integrity.
The groundbreaking event for the Dieng 2 and Patuha 2 geothermal plants was held in Dhanapala Building, Jakarta, Indonesia. The $300 million project will extend the capacity of the two GeoDipa geothermal power plants by 60 MW each. The event was attended by Minister of Finance Sri Mulyani Indrawati.
In her speech, Sri Mulyani stressed the importance of professionalism and integrity in the execution of the project. By avoiding unnecessary mark-ups in the expenses, the project can be completed within the planned budget. Sri Mulyani also expressed optimism that the project can be completed without conflict of interest and without a single cent falling to corruption.
The expansion of the Dieng and Patuha geothermal projects will bring Indonesia closer to the government’s target of a 23% energy mix from renewable sources.
“We hope that these two projects will be completed and ready to be operated in 2023. Geothermal power is far cheaper and environmentally friendly than coal-market-priced coal,” Riki told reporters during the ceremony.
Riki said that the construction of the Dieng and Patuha Unit 2 PLTPs is a concrete step for Geo Dipa as a BUMN and a special mission vehicle under the Indonesian Ministry of Finance to increase the target of the new renewable energy (EBT) mix by 2025.
According to him, Riki, Geo Dipa has also pocketed a Power Purchase Agreement (PPA) with PLN for 7 units of the Dieng Patuha PLTP. Based on PPA, the price of electricity for every one megawatt (MW) is Rp 2.5 million. Meanwhile, the agreed selling electricity tariff to PLN is 8.2 cents per kilowatt-hour.
So far, the two projects have been included in the Phase II Fast Track Program (FTP) of 10 MW. PLPT Dieng – Patuha Unit 2 is also part of the 35 thousand MW electricity project mega project by the Jokowi-JK government.
In addition to working on the Dieng – Patuha Unit 2 PLTP, Riki said, Geo Dipa Energi is also building its own small scale power plant with a capacity of 10-15 MW and an organic power plant cycle ranking with the Build Operate Transer (BOT) scheme. The two independent projects are expected to be completed in 2020 and 2022.
Source: Sri Mulyani via Facebook