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25 July 2006 - Indonesia's state oil company Pertamina plans to invest $27m to develop geothermal energy projects in nine different areas of the country this year, a company official said.
Speaking on Monday, the company's director for upstream affairs, Sukusen Soemarinda, said that the firm would start drilling in the nine geothermal locations, which include the Kamojang geothermal project in West Java, the Ulubelu project in southern Sumatra, and a new project in Lahendong, North Sulawesi, where the company already operates three geothermal-power generators.
"We'll invest $3m in each of the nine projects," he was quoted by Antara as saying.
To date, the company operates three geothermal power stations - Sibayak in North Sumatra with a capacity of 2 MW, Kamojang with four generators having a total capacity of 140 MW, and Lahendong with three generators having a total capacity of 20 MW.
Sukusen said that Pertamina would sell the electricity to state power firm PLN.
The country's geothermal potential exceeds 27 140 MW, or about 40 per cent of the world's geothermal potential, according to figures from the Energy and Mineral Resources Ministry.
Sukusen also said that the total investment in developing the Pondok Tengah oil field in Bekasi, West Java, would amount to $400 million, which would mostly come from loans.
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