TOMOHON, Indonesia : Indonesia's state energy firm PT Pertamina aims to double its geothermal capacity by around 2027-2028, which might cost an estimated $4 billion, as the country tries to reduce its dependency on fossil fuels, executives said on Monday.
Developing geothermal energy is part of the government's strategy to increase the proportion of renewables in the country's energy mix to 23 per cent by 2025 from around 12 per cent currently. Indonesia, which is currently among the ten biggest greenhouse gas emitters in the world, also aims to reach net-zero emissions by 2060.
To accelerate development, Pertamina plans to build about 210 MW of its targeted additional capacity through investment in a Binary Organic Rankine Cycle plant which costs less and can be developed quicker, as it utilises unused brine from existing geothermal wells that is otherwise typically reinjected into the earth.
Pertamina is running a trial of a 500 kW binary generator at its Lahendong field which was developed within a year. The generator would be utilised at other fields, Nicke said.Pertamina will also add around 500 MW by developing new wells, which typically cost between $5-7 million per megawatt, said Dannif Danusaputro, chief executive of subsidiary Pertamina Geothermal Energy .
Source: Energy Industry News (energyindustrynews.net)
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: straits_times - 🏆 5. / 69 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: thenewpaper - 🏆 7. / 63 Read more »
Source: thenewpaper - 🏆 7. / 63 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »