PT Pertamina Geothermal Energy (PT PGE), a subsidiary of PT Pertamina (Persero), allocated capital expenditure (capex) amounted to U.S. $ 300 million in 2011. The funds will be used to drill 30 wells.
"For next year's capex rose $ 100 million of capex this year amounted to U.S. $ 200 million," said Director of PGE Poernomo after attending the seminar themed 'Towards Prosperity Energy' at the Hotel Borobudur, Jakarta on Wednesday (10/27/2010 .)
According to Abadi, funding sources come from Pertamina and will be used to drill 30 new wells next year. Of the 30 wells, approximately 7 wells are exploration wells, with the remaining development wells.
Eternal own projected funding requirements to drill one well at U.S. $ 6-7 million. "We estimate that each well has a potential of about 8-10 megawatts (MW)," he said.
He states, beginning in 2011 there will be a number of Geothermal Power Plant (PLTP) belongs to PGE which will operate as geothermal power plant (PLTP) Lahendong 4 with a capacity of 20 MW and Ulubelu power plant units 1 and 2.
Eternal own target of 8 regions geothermal (WKP), which operated the company was able to generate 1070 MW by 2014.
"Of the total 1070 MW, only about 272 MW already in operation," he added.
He added that currently it is also still in talks with a number of international financial institutions to finance projects PLTP hers. A number of financial institutions, which are the Japan International Cooperation Agency (JICA), Asian Development Bank (ADB) and KFW, Germany.
"The total debt of about U.S. $ 1 milliard," he said.(*)
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