Minister of Energy and Mineral Resources to witness signing of Hoa PLN and PGE

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Minister of Energy and Mineral Resources to witness signing of Hoa PLN and PGE

Monday, 22 February 2010 10:49

PT PLN (Persero) with PT Pertamina Geothermal Energy (PGE) and EPC Contra signed Sale and Purchase Agreement Steam (PJBU) Ulubelu units 1 & 2 and the Head of Agreement (HOA) purchase and sale of geothermal energy on Wednesday (17/02). Conducted in the signing of the Ministry of Energy and Mineral Resources office was witnessed by Minister of Energy and Mineral Resources Saleh Zahedy Darwin. This Agreement is intended to support the acceleration of the development of geothermal resources for power litrik.

President Director of PT PLN (Persero), Dahlan Iskan revealed that the signing of this agreement is part of the acceleration of 10,000 MW stage II. Dahlan admitted there are problems to look for a way out between PLN and investors. "The investors wanted the talks to be done before the price of drilling, but the price was PLN wants a new discussion after drilling success," he said. But Dahlan sure this problem will not prevent and may soon find a way out.

Minister of Energy and Mineral Resources in his speech to expect the things that still an issue to be resolved. Ministers express, Hoa on the development and utilization of the Working Area 12 Concessions (WKP) geothermal between PGE and PLN is a concrete step in the government's use of geothermal energy is abundant in our country. "Indonesia is a country with the largest geothermal energy, which is about 40% of the world's geothermal energy," he said.

According to the Minister of Energy and Mineral Resources, there are at least three strategic value of the utilization of geothermal energy as an electricity generator. The first, power generation geothermal energy to protect the Indonesian economy from fluctuations in world oil prices. The second, a source of geothermal energy will be one pillar of the national energy began to decline as the availability of other energy such as coal and oil. The third, a geothermal energy power plants can reduce CO2 emissions, thus increasing their bargaining position in Indonesia's trade in international markets.

Minister advised that the key to success is the development PLTP timeliness, cost, and quality. The success of this development is also seen from the public Sumatra Lampung and South. "I expect this development will encourage the economy to improve the welfare of the people there," said the Minister. (PSJ)
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