Philippines-based EDC and Star Energy eying two geothermal projects in Indonesia

Philippines-based EDC and Star Energy eying two geothermal projects in
Indonesia

With only one company bidding for each of the geothermal working areas that
were set up for auction by Ministry of Energy and Mineral Resources in
Indonesia, both auctions will have to be conducted again.

There was only Philippines-based Energy Development Corp. (EDC) that bid for
the 110 MW Graho Nyabu Geothermal Working Area in Jambi. For the 20 MW
Gunung Hamiding Geothermal Working Area, only Indonesia-based Star Energy
was bidding.

No other company sent in a bid for these concessions, according to Yunus
Saefulhak, Director of geothermal services at the Ministry of Energy and
Mineral Resources.

According to regulations in Indonesia, the ministry is required to conduct
another auction for these project. If there will then be only one bidder
again, the company would be appointed directly, so Yunus Saefulhak.

The Ministry expects to reissue the auctions already this month with results
to be announced in January

There is a goal to see both projects to start operations in 2024. The
investment required for both projects is estimated at around $420 million.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com