TEMPO.CO, Jakarta - State-owned geothermal energy company Geo Dipa Energi has kicked off the construction of two geothermal power plants. The groundbreaking ceremonies were held symbolically on Thursday, April 25, at the Finance Ministry's building in Jakarta.
The power plants are located in Dieng, Central Java and Patuha, West Java. Each will have a power generating capacity of 60 MW.
For the project funding, Geo Dipa has obtained a soft loan facility from the Asian Development Bank amounting to US$300 million, or roughly Rp4.3 trillion.
"The electricity sale and purchase agreement with PLN settled on a price of just US$8.12 cents per kilowatt-hour (kWh)," Geo Dipa president director Riki Firmandha Ibrahim said yesterday, April 25.