Indonesia: EDC Eyes Graho Nyabu Geothermal Project, Star Energy Bid Gunung Hamidingi

Indonesia: EDC Eyes Graho Nyabu Geothermal Project, Star Energy Bid Gunung
Hamidingi

Energy Development Corporation, the Philippines largest geothermal
corporation, and local firm Star Energy are in the running to snatch two
geothermal projects in Indonesia, after the projects drew little interest
from other competitors.

Energy Development Corporation, or EDC, was the sole bidder in last month's
auction for the 110-megawatt Graho Nyabu power plant in Jambi, Yunus
Saefulhak, director of geothermal services at the Ministry of Energy and
Mineral Resources, said on Wednesday (02/11).

Star Energy was also the only company biding for the 20-megawatt Gunung
Hamiding power plant in North Maluku. The company is part of tycoon Prajogo
Pangestu's Barito Pacific and currently operates the 227 megawatts Wayang
Windu geothermal power plant in West Java,

According to regulations, the ministry must conduct another auction for the
projects.

"If there's still only one bidder, then [the company] would be directly
appointed," Yunus said.

Both projects would cost a total $420 million in investment. Yunus said the
second auction would start this month, with the ministry expecting to
announce the result in January.

The ministry targets both projects to be operations in 2024.

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Ref:
http://www.jakartaglobe.beritasatu.com/business/edc-eyes-graho-nyabu-geother
mal-project-star-energy-bid-gunung-hamiding/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com