Jakarta. The State Owned Electricity Company (PLN) has to hold the plan to acquire the Geothermal Power Plant Darajat and the Geothermal Power Plant, which are the assets of Chevron Geothermal due to the objection from government over PLN involvements in the bidding processes to acquire the two geothermal power plants, which have a total capacity of 632 megawatt (MW). The Spokesman of Ministry of Energy and Mineral Resources Sujatmiko said that the Minister of Energy and Mineral Resources Ignasius Jonan has objection to the plan. Sujatmiko added that the Minister even questioned the involvements of PLN in the bidding processes. Sujatmiko revealed that the Ministry of Energy and Mineral Resources wants to focus on the completion of the project of 35,000MW electricity rather than to expand to the operating projects. Let alone, PLN needs a huge number of funds to purchase the two assets minimum at above of US$ 600 million.
Minister of energy opposes PLN acquisition plan
Jakarta. The State Owned Electricity Company (PLN) has to hold the plan to acquire the Geothermal Power Plant Darajat and the Geothermal Power Plant, which are the assets of Chevron Geothermal due to the objection from government over PLN involvements in the bidding processes to acquire the two geothermal power plants, which have a total capacity of 632 megawatt (MW). The Spokesman of Ministry of Energy and Mineral Resources Sujatmiko said that the Minister of Energy and Mineral Resources Ignasius Jonan has objection to the plan. Sujatmiko added that the Minister even questioned the involvements of PLN in the bidding processes. Sujatmiko revealed that the Ministry of Energy and Mineral Resources wants to focus on the completion of the project of 35,000MW electricity rather than to expand to the operating projects. Let alone, PLN needs a huge number of funds to purchase the two assets minimum at above of US$ 600 million.