The state own enterprises (SOEs) ministry is forming a holding of geothermal in 2021 and is estimating to become the largest company in the world - Photo by SOEs Ministry Office

JAKARTA (TheInsiderStories) – The state own enterprises (SOEs) ministry is forming a holding of geothermal in 2021 and is estimating to become the largest company in the world. Its planned that the holding will managed PT Pertamina Geothermal Energy (PGE), PT Geo Dipa Energi, and PT PLN Geothermal.

“We do have a plan to combine the geothermal assets of the three. The joint institution will be owned by Pertamina, PLN and the government so that optimal synergy can be obtained,” said deputy minister at SOEs ministry, Pahala Mansury, as quoted by Kontan, last week.

Commenting on the ministry’ plans, PT Perusahaan Listrik Negara (PLN)’ director, M. Ikhsan Assaad, asserted that the discussions were still ongoing. Now, he continues, its unit, PT PLN Gas & Geothermal and PGE are conducting a joint study for geothermal development in Lahendong and Ulu Belu, in North Sulawesi.

This year, the unit plans to carry out the operations Lahendong power plant with a capacity of 4 x 20 megawatts (MW), Ulumbu power plant (4 x 2.5 MW), and Mataloko power plant (1 x 2.5 MW). In addition, PLN Gas & Geothermal also run a joint study with PGE and Geo Dipa to develop a binary power plant with a total capacity of 30 MW at existing plant Lahendong, Ulubelu and Dieng, in Central Java.

While, PGE’ spokesman, Sentot Yulianugroho, explained that this year the power producer focused to maintain the operational of geothermal power plants and conducting a joint study with PLN and PT Medco Power Indonesia in the geothermal businesses has been signed early 2021. The unit of Pertamina itself, now specified Ulubelu working areas in Lampung and Lahendong.

Then, Geo Dipa plans to build the second Patuha geothermal power plant located in the Ciwidey region of West Java. The new turbine is projected to produce an additional power by 55 MW in 2023 and needs an investment of US$197 million.

Patuha and other projects Dieng in Central Java, holds tremendous geothermal potential that can be converted into a 400 MW power plant. Currently, the two projects has installed capacity 60 MW, respectively. The government’ targets to produce 150 MW by 2023 from the project.

According to president director, Riki Firmandha Ibrahim, beside the two projects, there are potential three new wells in five locations at eastern Indonesia. The site located in Waisano and Nage, East Nusa Tenggara and Jenolo in Halmahera, North Maluku, also Bituang in Southeast Sulawesi. Others, he said, still waiting for government approvals. The three wells have potential resources of 30 MW.

Indonesian government sees the country could manages one GW of geothermal projects in 2030 showed by the roadmap developed by the energy and mineral resources ministry. The country itself has considerable geothermal energy potential with capacity 25,300 MW, but only 2,130 MW has been absorbed as a source of electrical energy.

The director at the ministry, Ida Nuryatin Finahari said, her office is still developing the right concept and regulations to attract more interests in exploration and investment in the geothermal sector.

US$1: Rp14,000

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