Pertamina and PLN agree on electricity prices for nine geothermal projects
A recent agreement with state utility PLN on electricity prices for nine geothermal projects, Pertamina will now resume construction of these projects in Indonesia.
Local news reported last week from Indonesia, that Pertamina and the state utility of Indonesia, PLN, have agreed on electricity prices from the geothermal power plants of Pertamina’s geothermal subsidiary Pertamina Geothermal.
Facilitated by the Minister of State-Owned Enterprises, the agreement now will see the construction of nine geothermal projects by Pertamina that were on hold.
The nine projects are: are Lumut Balai 1 and 2 (Sumatra) with capacity of 110 MW, Lumut Balai 3 and 4 with capacity of 110 MW, Ulu Belu (110 MW), Lahendong, Manado (40 MW), Kamojang, West Java (30 MW), Kota Mobagu, North Sulawesi (40 MW), Hulu Lais, Sumatra (110 MW), Sungai Penuh, Sumatra (55 MW), and Karaha, West Java (50 MW).
There has been though no exact price mentioned, but initially Pertamina requested a price of US$0.097/ kWh, while PLN offered US$0.091/ kWh. The electricity price, so the minister must be determined based on IRR of 14%.
Source: The Indonesia Today