Turkish group plans investment of up to $2.5 billion in East Java, Indonesia
Turkish group Hitay is planning investment of up to $2.5 billion in three projects in Indonesia, at Mount Bromo, Mount Lamongan and Raung, East Java. The estimated potential for all three project is at about 1,100 MW.
Indonesian news report about an investment by a Turkish group that is planning to invest up to $2.5 billion into geothermal power development at Mount Bromo in East Java.
The Turkish businessman, Emin Hitay is further said to plan additional projects as well as two other regions in East Java, at Mount Lamongan in Probolinggo and Raung in Banyuwangi, so East Java Governor Soekarwo after a visit by the Turkish group.
Hintay through PT Hintay Renewable Energy chose Java as a location for development. Soekarwo claimed to have received permission from the Minister of Energy and Mineral Resources (ESDM) Wacik for exploration. The investment by the Turkish group is expected to bring investments of up to $2.5 billion dollar to the region.
The geothermal power generation potential at Mount Bromo is estimated at 500 MW. The total potential for the three areas now being explored is estimated at 1,100 MW. The company is now planning an exploration survey, which is to take about 1-2 years. The planned survey will covers aspects of geology, geochemistry, and geophysics. In addition to geothermal exploration, it is hoped that there will be a transfer of knowledge between Turkey and Indonesia. Among others it is planned that satellite technology owned by the Turkish govenrment will aid in the exploration of the fields.