Indonesia: Star Energy plans up to 1,200 MW geothermal expansion by 2028

Indonesia: Star Energy plans up to 1,200 MW geothermal expansion by 2028

Star Energy is planning to increase its geothermal power production capacity
to 1,200 MW by 2028. This is according to Communication Coordinator of Star
Energy, Hadi Kuwoyo, as told to reporters in Bogor, Indonesia,

"Of course this requires a process and will come in stages - we also have
explored in Lampung and Sulawesi for new geothermal resources later."

Mr. Kuwoyo said that currently 934 MW of Star Energy production capacity is
supplied from three geothermal units, namely Mount Salak's 377 MW, 275 MW of
Darajat, and Wayang Windu PLTP of 287 MW. According to Hadi, the increase in
production capacity is a commitment of Star Energy in supporting the
government's program to provide electricity and geothermal resources.

"We are committed to being a supplier of electricity to the country." he
said.

Star Energy is the largest geothermal power plant (PLTP) operator in
Indonesia after the acquisition of two Chevron Corporation assets, Mount
Salak and Darajat (Antara news, April 16, 2017).The Star Energy Consortium
on March 31, 2017 has completed the acquisition of two Chevron PLTP assets,
namely Mount Salak and Darajat. Meanwhile, for Chevron's geothermal assets
in the Philippines at the latest by the end of 2017.

On December 22, 2016, Star Energy and Chevron Consortium signed a "share
sale and purchase agreement" for two assets in Indonesia and one asset in
the Philippines. The acquisition value of these three assets is estimated at
US $2.3 billion or equivalent to Rp31 trillion. The Star Energy consortium
for Chevron's managed gas purchase consists of Star Energy Group Holding,
Star Energy Geothermal, AC Energy (Ayala Group in the Philippines), and EGCO
from Thailand.

The Start Energy Group holds 68.31 percent of the consortium share, while AC
Energy is 19.3 percent, and EGCO 11.89 percent. Two Chevron PLTP assets in
Indonesia sold to Star Energy Consortium are Mount Salak in Bogor, West Java
and Darajat in Garut, West Java. Meanwhile, the assets in the Philippines
are 40 percent stake in PLTP Tiwi-Makban with a total capacity of 326 MW.

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Link to Original Article:
http://www.thinkgeoenergy.com/star-energy-plans-up-to-1200-mw-geothermal-exp
ansion-by-2028/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com