PGEO — A USD28.85 mn project to develop regional geothermal energy

PGEO — A USD28.85 mn project to develop regional geothermal energy Pertamina Geothermal Energy (PGEO) and Chevron New Energies Holdings Indonesia have commenced exploration surveys at the Way Ratai geothermal work area in Lampung. The project aims to develop regional geothermal energy with an exploration commitment of USD28.85 mn. They recently obtained a geothermal permit from the Ministry of Energy and Mineral Resources, marking the first time this process was conducted through the Online Single Submission system. The exploration includes geological, geophysical, and geochemical studies to prepare for further development, targeting a 105 MW commercial operation by 2032. (Source: Bisnis.com)