Geothermal Power Investments in Indonesia

January 29, 2004 [] In Jakarta, Indonesia, PT Pertamina Geothermal, a geothermal subsidiary of the state-owned oil company Pertamina, announced it would invest US$200 million to increase production capacity and build a new geothermal power plant. Company general manager Sukusen Soemarinda said that the investment will be used to increase geothermal production in Lahendong, Sulawesi by 40 MW, expand the power generating capacity of the Kamojang plant by 60 MW and build a new geothermal plant in Wayang Windu with a capacity of 110 MW. The company earlier agreed with Philippine National Oil Company and Marubeni Corporation to build three new geothermal power projects with an investment of US$750 million.

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