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Tata Power, Origin Energy and Supraco start exploration in Indonesia

View in the mountains of North Sumatra (source: Flickr/ martin_canon500d, creative commons)
Alexander Richter 21 May 2011

The JV partners Tata Power, Origin Energy and PT Supraco Indonesia have started exploration for the Sorik Marapi geothermal power project in Northern Sumatra.

Reported this week, Indian Tata Power, Australia’s Origin Energy Ltd  and Indonesian PT Supraco “have begun exploration in Indonesia aimed at producing power from underground heat.

“Initial exploration has begun,” Sowmyan Ramakrishnan, executive director of finance, told reporters in Mumbai late yesterday. “It will take up to 18 months to complete.”

Tata Power, Origin and PT Supraco Indonesia in Sept 2010 won the Sorik Marapi concession in northern Sumatra, which may yield as much as 300 megawatts of geothermal generating capacity. If exploration is successful, the group plans to begin construction in late 2012.

Tata Power plans to add 200 megawatts of renewable energy capacity in the fiscal year ending March 2012 along with 2,600 megawatts of thermal capacity, Ramakrishnan said.

The Mumbai-based company has lined up financing for all planned projects for this fiscal year, said S. Padmanabhan, executive director of operations.”

Source: utvmoney.mangopeople.com