Contract for resources of project by PT Geo Dipa Energi to be reviewed

Dieng, Banjarnegara, Indonesia (source: flickr/ druidabruxux, creative commons)
Alexander Richter 6 May 2011

The contract and profit sharing agreement of PT Geo Dipa Energi on the geothermal resources at Dieng will be reviewed. The company is partly owned by Pertamina with a foreign company claiming a stake in the company.

The contract and profit sharing agreement on Dieng’s geothermal resources will be reviewed, said House of Representatives’ (DPR) Commission VII member, Sugihono Karyosuwondo. “PT Geo Dipa Energi’s contract draft for the Dieng unit will be reviewed,” he said on Tuesday.

The commission will also look at the profit sharing system with the Banjarnegara regional government. Sugihono promised to ask the directorate general why the profits had not been shared with the region.

Pertamina owns 40-50% shares in the company. The shares have been handed to the government. However, a foreign company, PT Himpurna California Energy, claims it still has shares in PT Geo Dipa Energi. The well drilling issue in the Dieng highlands is still unresolved.

Recently, the central government offered to facilitate a meeting between the regional government and PT Geo Dipa Energi. “We are still waiting for the right time,” said Supriyo, the Banjarnegara Water Resource Management, Energy, and Mineral Resources Office chief.”

Source: Tempo Interaktive