Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Investment  >> PGE allocates $432 million in investment this year
NEW UPDATES Asean Affairs    15 January 2015  

PGE allocates $432 million in investment this year

Indonesia: Pertamina Geothermal Energy (PGE), a subsidiary of state-owned PT Pertamina, has set aside US$432 million for several projects including the construction of new power plants, as well as maintenance and exploration in 2015.

“The allocation will be for the development of Kamojang unit 5 as well as ongoing projects such as Ulubelu, Lumut Balai and others. We will also have to perform maintenance work on other existing facilities,” PGE president director Rony Gunawan said on Monday.

Kamojang unit 5, which will have a 35 megawatt (MW) capacity, is scheduled to be completed in July this year. The project, located in West Java, will be the only PGE geothermal project to be completed this year. Progress has now reached 65 percent, according to Rony.

Other projects scheduled to be completed in the near future include Ulubelu unit 3 and 4, which are expected to be finished in July 2016 and May 2017, respectively.

PGE has a total capacity of 402 MW in electricity output from its geothermal power plants, equal to about 33 percent of the country’s total installed capacity of 1,403.5 MW.

Apart from working on power plant construction, the company is also seeking more geothermal energy potential in its working areas via exploration activities.

“This year, we are planning to explore Bukit Daun area in Bengkulu [Sumatra]. This is an expansion of our working area, in which we are trying to develop every corner,” Rony said.

Located in the so-called “ring of fire”, Indonesia is estimated to have a significant amount of geothermal resource potential, of up to 28,000 MW.

However, despite these resources, the country remains heavily dependent on fossil fuels while only around 5 percent of geothermal energy has been developed.

The government plans to develop numerous geothermal power plants, including plants around 4.97 gigawatts, which is part of the second phase of a fast-track electricity procurement program of 17.92 gigawatts in total.

However, progress is sluggish as moves to develop potential are often hampered by the environmental issue as well as lack of financing.

Tapping geothermal potential is known to be a high-risk business in which developers need to disburse millions of dollars for drilling without certainty about the amount of steam that can be obtained.

Last year, the government issued a new law on geothermal energy that eliminated legal barriers of development in the protected areas. However, impact of the new law is estimated to take time, as there are further technical regulations needed.

The government is targeting adding a total of 35,000 MW to its new power plants’ capacity until 2019, of which some will come from geothermal plants.

Energy and Mineral Resources Ministry director general for renewable energy Rida Mulyana said the contribution of the renewable energy sector to the total planned additional capacity would be at around 5,600 MW.

“It will come from three types of renewable energy, namely hydro power plants, biomass and geothermal,” Rida said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 15, 2015 Subsribe Now !
• Thai Defense Minister visits Vietnam to strengthen ties Subcribe: Asean Affairs Global Magazine
• PGE allocates $432 million in investment this year
• European firms upbeat about business in Indonesia
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Port a step closer to 2015 IPO
• UK govt promotes Myanmar oil and gas opportunities
Asean Analysis                    January 14, 2015

• Asean Analysis January 14, 2015
Cambodia: 30 Years of Hun Sen Violence, Repression
Advertise Your Brand

Asean Stock Watch    January  14,  2015
• Asean Stock Watch-January 14 , 2015
The Biweekly Update
• The Biweekly Update  January 9, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand