Indonesia Power to drill 3 wells at W. Java geothermal prospect
Wednesday, November 3 2010 - 04:06 AM WIB
IP's portfolio business development Rio Supriadinata Marza told petromindo.com that a feasibility study was now in progress at the concession, conducted by Utah-based energy technology firm Raser Technologies, Inc.
The feasibility study is expected to be completed before mid-2011, he said.
The concession is believed to have potentials to generate 104 MW of electricity, he added.
In end of March 2020, Raser Technologies announced it had been selected by IP to carry out feasibility study on the Tangkuban Perahu geothermal concession under a grand funding of US$ 934,000 from the United States Trade and Development Agency (USTDA).
Under the contract, Raser will assess the technical, economic, and financial feasibility of the geothermal resource, including the potential impact and opportunity the project will have for Raser and other U.S. suppliers in the Indonesian market.
Raser and IP entered into a consortium agreement in 2007 to jointly pursue geothermal development in Indonesia. In 2008, IP and Raser were awarded a 100,000 acre concession surrounding the Tangkuban Perahu volcano. Raser and IP have agreed to a 50/50 development arrangement for potential future projects within the concession. IP is Indonesia?s largest electricity generation company, with nearly 9,000 MW of total capacity, including 375 MW of geothermal power generation, which makes it the second largest geothermal generation company in Indonesia. (giok)