Star Energy eyes Patuha geothermal power plant
Monday, January 30 2017 - 04:49 AM WIB
Courtesy of Geo Dipa
Star Energy is looking into the possibility of acquiring the 60 MW PLTP Patuha geothermal power plant in West Java owned by state-owned PT Geo Dipa Energi as part of expansion strategy, according to a source.
?If total capacity has reached 600 MWe, the company has room for expansion as said by (Star Energy) CEO in 2015,? the source told Petromindo.com. No further details were provided.
Geo Dipa completed the unit 1 of PLTP Patuha in 2014. The company is planning to develop the unit 2 and 3, each with capacity of 55 MW.
Star Energy Consortium in December of last year signed share sale and purchase agreements with Chevron Global Energy Inc, Union Oil Company of California and their relevant affiliates for the purchase of Chevron's geothermal operations in Indonesia and Philippines.
Star Energy Consortium includes Star Energy Group Holdings, Star Energy Geothermal, AC Energy (Affiliates of Ayala Group in Philippines) and EGCO (from Thailand). For the acquisition of Chevron geothermal operations in Indonesia, Star Energy Group Holdings and Star Energy Geothermal hold majority ownership (68.31), followed by AC Energy (19.3 percent) and EGCO (11.89 percent).
Chevron?s major geothermal assets in Indonesia include Salak and Darajat geothermal fields, which generate 413 MW geothermal and supply 275 MW of steam. Chevron?s geothermal assets in Philippines include Tiwi-Makban geothermal field which is currently producing approximately 326 MW of steam.
Editing by Reiner Simanjuntak