Companies chosen for final round in bid for Chevron Indonesian geothermal assets

Companies chosen for final round in bid for Chevron Indonesian geothermal
assets

The final round of 6 companies has been chosen for the bid on the geothermal
assets of Chevron in Indonesia.

The ongoing sale of the geothermal assets of Chevron in Indonesia and the
Philippines continues and is now entering the 5th phase. As now reported
there are 6 companies that have passed the binding bid for the company's
assets in Indonesia. In the next phase there will be concrete sales and
purchase negotiations between Chevron Indonesia and potential bidders
starting in November.

This was announced by Indonesia's Directorate General for New, Renewable and
Energy Conservation (EBTKE) at the Energy and Mineral Resources Ministry
(ESDM).

The companies/ groups are:

Marubeni Corporation,
Star Energy,
Mitsui&Co Ltd,
Medco Energi,
PT Pertamina and
PT Perusahaan Listrik Negara (PLN).

The companies were chosen out of a total of 44 companies that showed
interest in acquiring those assets.

According to Yunus Saeefulhak, Director for Geothermal at the EBTKE, "the
final decision for the transaction is targeted to be completed in December
2016".

Chevron operates two geothermal assets in Indonesia, namely WKP Darajat with
power capacity of 240 MW and WKP Gunung Salak with capacity of 370 MW. Both
geothermal assets are located in West Java.

Chevron holds 95 percent interest in the two geothermal assets respectively.
In addition, Chevron operates three geothermal power plants (PLTP) with
estimated value of US$3 billion.

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Ref:
http://www.thinkgeoenergy.com/companies-chosen-for-final-round-in-bid-for-ch
evron-indonesian-geothermal-assets/?utm_source=ThinkGeoEnergy+List&utm_campa
ign=626b44d981-TGE_Newsletter_RSS1_12_2015&utm_medium=email&utm_term=0_657e4
2f767-626b44d981-415237525

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com