BREN – A USD160 mn capex allocation

BREN – A USD160 mn capex allocation Barito Renewables Energy (BREN) has allocated USD160 mn for this year's capex, which will be used for drilling activities, maintenance and routine expenditures in order to maintain the level of steam' availability in geothermal power plants. Until 1Q24, BREN has spent USD13 mn or 8.12% of its total 2024' capex for drilling activities. Currently, BREN is developing geothermal assets to encourage an additional 116 MW of capacity. One of these projects is Salak Binary with a capacity of 15 MW which has just been completed. BREN also developed Salak Unit 7 and Wayang Windu Unit 3. BREN will work on Hamiding and South Sekincau geothermal assets with a potential capacity of 500 MW each. BREN has operated a geothermal power plant with a capacity of 886 MW sourced from 3 assets, namely Salak, Wayang Windu and Darajat. In addition to geothermal, BREN penetrated wind power plants by acquiring a number of assets. The Sidrap I wind power plant is already operating with a capacity of 78 MW. BREN is also working on a new area development project with a potential capacity of 318 MW which is based on the Sidrap II, Sukabumi and Lombok projects. BREN also opens opportunities to explore other NRE fields, such as hydroelectric and solar power plants in Indonesia and abroad. (Source : Kontan)