Pertamina, PNOC unit ink pact on exploration
Monday, February 25 2002 - 02:02 AM WIB
PNOC-EDC president Sergio Apostol told reporters that a team will be dispatched to Indonesia this week to firm up the details of the agreement.
"The focus of the trip to Indonesia is to talk on the equity sharing on the proposed project in Sulawesi," Apostol said.
He said that Pertamina would likely take a bigger share in the project, but PNOC-EDC will be the one to put the geothermal plant since the company has the technical know-how, equipment and experience. "Perhaps, we will be the operator of the power plant," he said.
The Sulawesi prospect has a potential to generate at least 20-MW of power, Apostol said.
In Indonesia, Pertamina?s operation is primarily focused on energy development. One of its major geothermal development projects is the Salak project in Jakarta, West Java.
PNOC-EDC, is the geothermal unit of PNOC. It operates nine geothermal steamfields with an aggregate capacity of 1,149 megawatts accounting for about 60 percent of the Philippines? total installed geothermal capacity. (*)