Trinergy plans to invest $1b in Baturaden geothermal power plant
Monday, October 3 2011 - 03:33 AM WIB
Trinergy chairman Herman Afif Kusumo said that the geothermal power plant in the Baturaden project would have a capacity of up to 220 megawatts (MW).
?Reserves in Baturaden can reach up to 280 MW. However, we will work in line with the Electricity Procurement Business Plans [RUPTL]. Herman said last week.
He said Trinergy would spend about $7 million to drill one well for the project.
Trinergy will run the Baturaden project as soon as it obtains covering and permission letters respectively from the Energy and Mineral Resources Ministry and the Forestry Ministry.
Trinergy needs the Energy and Mineral Resources Ministry to issue a covering letter, which is a requirement for a power purchase agreement (PPA) with PLN. Trinergy is offering electricity at a price of Rp 9.47 per kilowatt hour.
Trinergy is also waiting for a reply from the Forestry Ministry on its request for permission to use the Baturaden area, which is located on the slope of Mount Slamet, for the geothermal project.
Besides the geothermal project in Baturaden, Trinergy also plans to construct a geothermal power plant with a total capacity of 2x30 MW in Tangkuban Perahu, West Java. (*)