PT Geo Dipo requires US$600m for its development in East and West Java
PT Geo Dipa Energi, state owned geothermal producer in Indonesia, says it needs additional capital of US$600m to develop its two geothermal fields in Dieng, East Java, and Patuha, West Java.
State-owned geothermal producer PT Geo Dipa Energy on Monday announced it needed additional capital of up to US$600 million to develop its businesses at two geothermal fields in Dieng, East Java, and Patuha, West Java.
The company’s president director, Praktimia Semiawan, reported that the funds would be used to build a power plant at each of the two fields.
“We want to construct two geothermal power plants, one in Dieng and one in Patuha. Each power plant would costs around $300 million, so we need $600 million in additional capital,” Praktimia told a meeting with members of House of Representatives Commission VII overseeing energy, in Jakarta on Monday.
The Dieng and Patuha fields have a total estimated capacity of up to 800 megawatts, or 400 megawatts each.”
Source: The Jakarta Post