Pertamina
Geothermal Energy, a unit of state oil and gas company Pertamina, plans to
increase its capital spending by nearly 20 percent next year as part of a push
to expand its business, a company executive said.
The company
wants to boost its capital expenditure to Rp 2 trillion ($234 million) in 2012
from this year’s Rp 1.7 trillion, the company’s corporate secretary Adiatma
Sardjito, said in Jakarta on Thursday.
It plans to
build several geothermal power plants, including two 55-megawatt power plants
in Ulu Belu, Lampung. The total cost for the two plants is estimated at Rp 385
billion, Adiatma said.
“There will
be an additional 110 megawatts of power capacity next year,’’ he said.
The company
has been building seven geothermal power plants this year, which are expected
to add a combined power capacity of 292 MW.
Adiatma
said the company would finance the projects with its own cash and soft loans
from overseas financial institutions, including the Japan International
Cooperation Agency and the World Bank.
He said
most of the company’s projects were located in North Sulawesi, known for its
abundant geothermal reserves. The company expects its geothermal capacity to
increase to 2,033 MW in 2014 from the current 1,194 MW, Adiatma said.
Meanwhile,
Indonesian company Supreme Energy expects operations to start in 2015 at its
geothermal power plant in Lampung, which will produce 220 MW of power, said
Sutono, secretary of South Lampung district.
He said the
exploitation of geothermal energy would produce electricity equal to the power
produced by the power plant in Tarahan, also in Lampung, and increase the power
supplies in the province, which sits in the southern stretch of Sumatra Island.
The power
from the plant will be sold to state utility Perusahaan Listrik Negara. Sutono
said the geothermal plant would employ about 62,000 people, helping to relieve
unemployment in the province.
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