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Iceland Co to invest US$2 BLN in
Indonesian Geothermal project
Oct 24, 2007 - AsiaPulse
Jakarta - Reykjavik Energy Invest (REI) will team
up with Indonesian state oil and gas company PT Pertamina
to build a 500-megawatt geothermal power plant with
an investment of US$2 billion in Indonesia.
The 500-MW plant will be part of the first phase
of a longer term investment plan by REI in Indonesia,
its chief executive office Gudmundur Throddsson said.
Iceland Industry and Energy Minister Ossur Skarpheoinsson
said his country could build several geothermal power
plants with total capacity of up to thousands of MW
in the country.
REI is financially powerful and it is interested
in cooperating with Indonesian companies to build
more geothermal power plants, he said.
Pertamina President Ari H. Soemarno said REI is expected
to start construction of its first geothermal power
project in the country in the next several months.
Pertamina has a geothermal concession area with a
power generating potential of up to 9,000 MW and until
now operating plants only have a total capacity of
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