Chevron may dispose geothermal assets
Friday, February 12 2016 - 04:39 AM WIB
US energy giant Chevron Corp. is evaluating possibility to sell its geothermal assets in Indonesia and The Philippines.
A petromindo.Com source said that the company is reviewing the assets in response to unsolicited expressions of interest.
The process will take some time and no final decisions on divestment have been made, the source said.
Chevron Indonesia officials were not available for comment.
In Indonesia, Chevron operates the Darajat and Salak fields, West Java, which have a combined operating capacity of 647 megawatts.
Chevron also has a 40 percent interest in the Philippine Geothermal Production Company, Inc., the operator of the Tiwi geothermal facility in Albay Province and the Mak-Ban geothermal facility in Laguna and Batangas provinces. These fields provide steam to the third-party Tiwi and Mak-Ban geothermal power plants in southern Luzon. These plants have a combined generating capacity of 692 megawatts.
Editing by Alexander Ginting