Pertamina earmarks $2.5 bn for geothermal projects up to 2019
PT Pertamina plans to increase the installed capacity of geothermal electricity plants from 505 MW to 907 MW by 2019.
More positive news in Indonesia where the Jakarta Post informs that the country’s state-owned oil and gas company PT Pertamina has earmarked funds worth US$2.5 billion for geothermal energy projects for the next 4 years (up to 2019).
On the same news piece, the president from Pertamina states that they plant to nearly double geothermal power output by 2019 by increasing the installed capacity of geothermal electricity plants from 505 MW to 907 MW.
This is not only good for the country’s energy sector and for the environment but also for the job market since 7,000 jobs are expected to be created in the process.
Source: The Jakarta Post