Geothermal power projects to cost US$19.8 bln, official says

The government estimates its geothermal power plant (PLTP) development acceleration program will cost US$19.8 billion, director for geothermal and ground water exploitation Sugiharto Harsoprayitno said here on Tuesday. ANTARA News reported (07/09/08).

He said the amount would be used to build PLTPs with a total capacity of 6,867 MW within a period of 10 years or 2009-2018.

"Of the US$19.8 billion, some US$18.7 billion will be used to develop new generators, US$791 million will be used to finance operations and maintenance of new generators and US$250 million for operations and maintenance of old ones," he said.

He said the government had set itself the target of building 30-MW PLTPs in 2009, 162.5-MW PLTPs in 2010, 335-MW PLTPs in 2011, 862-MW PLTPs in 2012, and 715-MW PLTPs in 2013.

In 2014, it will also build a 1,685-MW PLTP and a 1,650-MW PLTP in 2015, a 660-MW PLTP in 2016, a 435-MW PLTP in 2017 and a 330-MW PLTP in 2018.

Sugiharto said the government had so far tried its best to accelerate development of PLTPs.

In the meantime, Surya Dharma, director for operations of PT Pertamina Geothermal Energy, said that of the total capacity of the planned PLTPs (6,867 MW), Pertamina would build PLTPs with a combined capacity of 4,000 MW.

"We are ready to build PLTPs with a total cacpcity of 4,000 MW," he said.

source: BKPM | July 2008