this ones for the negative pessimists on here!the below rules in...

this ones for the negative pessimists on here!

the below rules in the article i have posted have been finalised as far as im aware - here is the most important cutout from the article - read it all!

"Five PLTP

Until now there were only five projects that have been signed PPA PLTP in March last year. The fifth project is worked by Pertamina Geothermal Energy (PGE). That is, not a single private contractor to sign a PPA.

After the signing of the PPA fifth, PLN promised to sign a PPA for PLTP Muaralabouh (1x220 MW) and PLTP Rajabasa (1x220 MW) of Supreme Energy and PLTP Sokoria (1 x 30 MW) owned by the Bakrie Group. Then, five other projects are Tangkuban PLTP Boat (1x120 MW), Cisolok Cisukarame (1x40 MW), PLTP Tampomas (1x45 MW), Jaboi (1x10 MW), and Jailolo (1x10 MW). However, until now it has not been signed by the PPA.

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you will notice the first 2 promised " PLTP Muaralabouh (1x220 MW) and PLTP Rajabasa (1x220 MW) " - they were signed over the weekend. im not a genius but i think we are next and should be re-rated on the PPA.


Thursday, February 23, 2012
Security rules PLTP Project Completed Soon

Purwakarta - The government will soon complete the project guarantees the rule of geothermal power plant (PLTP), especially regarding the provisions of the warranty period must be given to the investor or developer of geothermal power plants.

Director of Strategic Procurement of PT PLN (Persero) Bagiyo Riyawan say, a form of guarantee that the project required the developer has agreed to the Ministry of Finance and the Ministry of Energy. Only, between the government and the developer of geothermal power plants are still not agreed on the length of the guarantee given period. "For example, a contract term of 20 years, while the funding is only 10 years old. Well, there is no guarantee an agreement to follow the length of the contract or funding, "he said after opening Bagiyo Green Energy Forum 2012, in Pur wakarta, West Java, on Wednesday (22/2).

He said the developer wants the guarantee period PLTP equated with the length of the project contract. Meanwhile, the government only intends to guarantee all-time funding agreed by the contractor / developer and the lender (lender). Because, after the guarantee period, the project should be borne by the contractor business. As is known, the development of geothermal power plants was hampered because the contractor asked for a guarantee if the project is stopped abruptly.

The Government then published a revision of the Ministry of Finance (PMK) No. 77/PMK01 / 2011 regarding the feasibility of underwriting guidelines for the implementation of PT PLN (Persero) which ensures the ability to pay PLN. That is, if PLN fails to pay, then the government will pay the bills. Unfortunately, security is not deemed sufficient by the contractor.

They demanded a guarantee is given from the time of exploration. PLN Renewable Energy Division Chief Mohammad Sofyan explains, this new form of security is different from that previously provided by government guarantees. During this time, the government provides a guarantee for the entire project. Meanwhile, in the form of new guarantees granted in every stage of the project. "What now, as exploration has been given a guarantee by the government. Likewise, when it later entered the construction phase, "he said.

He explains, means the government will guarantee the costs incurred to replace the developer if the project stalled due to force majeure government. "But not necessarily be replaced. Will be audited, so that was replaced at the cost of actually been issued, not the value of the project, "he said.

Agreement on the shape and the warranty period for a geothermal project is not necessary to change the content of PMK which has been published. "Just by a supporting letter from the Ministry of Finance, because it projects into the regulation of PLTP is the president and ministers of geothermal regulations," he explained.

Sofyan said, the agreement on guarantees this will be completed in the near future. After the decision diketok, the PLN and the contractor will immediately proceed with the signing of a power purchase agreement (power purchase agreement / PPA). There are currently three geothermal projects are ready to sign a PPA, namely PLTP Labouh Estuary, Rajabasa PLTP and PLTP Sarulla.

Previously, PLN said, PLTP could be completed in 2014 on schedule just as much as 1,200 megawatts (MW). In fact, the acceleration program of 10 thousand MW second phase, the heat generating portion of the earth have 2170 MW. PLTP with the capacity to complete the appropriate target, predicts the new PLN can be achieved by 2017.

Five PLTP

Until now there were only five projects that have been signed PPA PLTP in March last year. The fifth project is worked by Pertamina Geothermal Energy (PGE). That is, not a single private contractor to sign a PPA.

After the signing of the PPA fifth, PLN promised to sign a PPA for PLTP Muaralabouh (1x220 MW) and PLTP Rajabasa (1x220 MW) of Supreme Energy and PLTP Sokoria (1 x 30 MW) owned by the Bakrie Group. Then, five other projects are Tangkuban PLTP Boat (1x120 MW), Cisolok Cisukarame (1x40 MW), PLTP Tampomas (1x45 MW), Jaboi (1x10 MW), and Jailolo (1x10 MW). However, until now it has not been signed by the PPA.

Indonesia has the potential of geothermal energy reached 29 thousand MW. Utilization of geothermal electricity until the new year of 1206 MW. According to data from the Directorate General of Renewable Energy and Energy Conservation (EBT-KE), geothermal energy is used as the new power of 1189 MW. However, there is an addition of 17 MW after optimization of the turbine in PLTP Darajat and Salak geothermal power plants.

This year there will be an additional 135 megawatts (MW) of the three generators that will operate the Lahendong Unit 4, Ulubelu Units 3 and 4, and Ulumbu. Thus, the installed capacity of geothermal power plants this year will be 1341 MW. []