Indonesia: PLN plan to buy PGE stake could harm geothermal development-
Analyst
State electricity firm PLN's plan to acquire a stake in Pertamina Geothermal
Energy (PGE), a subsidiary of state-owned energy giant Pertamina, could be
counterproductive for geothermal development, an energy analyst has said.
Komaidi Notonegoro, executive director of the Jakarta-based research group
ReforMiner Institute, said PLN had limited capacity in running a geothermal
business which, like the oil and gas industry, requires extensive
exploration and exploitation.
"In this case, Pertamina's readiness in providing infrastructure, such as
the rig, for geothermal energy is relatively better than PLN," Komaidi told
The Jakarta Post on Thursday in Jakarta.
He added that the major problem in geothermal development came from the
differing perceptions between geothermal power producers and PLN, as the
offtaker in pricing policies.
Integrating upstream and downstream geothermal businesses, Komaidi
continued, did not answer the problem and could lead to further incorrect
conclusions about the importance of PLN acquiring coal producers to develop
a coal-powered country.
"Indonesia's geothermal development cannot be accelerated only by the PGE
acquisition," he said, highlighting that it was the pricing problem in the
geothermal industry that must be solved.
PLN is set to buy 50 percent of shares in PGE by the end of 2016 as part of
efforts to speed up geothermal power supplies to the firm. With the
acquisition, PLN expects to have easier access to geothermal energy and to
cut production costs, helping consumers to enjoy more affordable
electricity.
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Ref:
http://www.thejakartapost.com/news/2016/09/08/pln-plan-to-buy-pge-stake-coul
d-harm-geothermal-development-analyst.html
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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