Supreme Energy, Star Energy eying Chevron?s geothermal assets
Thursday, July 14 2016 - 12:35 AM WIB
The list of local companies fighting for the geothermal assets of Chevron Geothermal Indonesia has been growing with two geothermal firms ? PT Supreme Energy and PT Star Energy ? also expressing interest to acquire the assets.
Geothermal Director at the Directorate General of New, Renewable Energy and Energy Conservation (EBTKE) Yunus Saifulhak said the two firms will compete with state owned electricity firm PT Perusahaan Listrik Negara (PLN) (Persero), state owned oil and gas firm PT Pertamina (Persero), IDX-listed energy firm PT Medco Energi Internasional, which already expressed interest in the assets.
The local firms will also compete with foreign firms which have also expressed interest in the assets, including Enel S.p.a, Italy?s largest power company; HItay Holdings, a conglomerate from Turkey; Energy Development Corporation (EDC), the largest geothermal power producer in the Philippines, KS Orka, a joint venture between Icelandic firm Hugar Orka ehf and Chinese firm Zhejiang Kaishan Compressor Co. Ltd., and Ormat of the United States, Yunus said.
Supreme Energy is developing several geothermal projects in Sumatra, while Start Energy is the operator of Wayang Windu geothermal plant in West Java.
Yunus said data room on the assets will be opened in mid-July.
Chevron has announced 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.
Editing by Johannes Simbolon