Pertamina, PLN among bidders for Chevron?s geothermal assets
Tuesday, June 14 2016 - 05:18 AM WIB
A total of 34 firms including state-owned electricity firm PT PLN and oil and gas firm PT Pertamina have expressed interest to acquire the geothermal assets of Chevron Corp in Indonesia, according to a senior government official.
Yunus Saifulhak, Director of Geothermal at the Directorate General of New and Renewable Energy, told petromindo.com on Tuesday that the bidders are preparing to sign non-disclosure agreement before looking into the data room.
Chevron Corp reportedly plans to sell its geothermal assets in Indonesia and the Philippines. In Indonesia, according to the firm?s website, Chevron operates the Darajat and Salak working areas in West Java province, which have a combined operating capacity of 647 MW. Chevron operates the geothermal fields through two subsidiaries, namely Chevron Geothermal Indonesia, Ltd., which manages the Darajat project and Chevron Geothermal Salak, Ltd., operates the Salak project.
The Darajat project supplies geothermal steam to a three-unit plant generates 270 MW of power. Chevron holds a 95 percent operating interest in Darajat. The first unit of the power plant with a capacity of 55 MW is owned by PT Indonesia Power, a PLN subsidiary. The second and third units with capacities of 95 MW and 121 MW respectively are owned by Chevron, according to reports.
Editing by Reiner Simanjuntak