Chevron is back in Indonesia. This time Chevron is back not to develop oil fields, but Indonesia’s geothermal resources with joint venture partner Pertamina Geothermal Energy.
Chevron is a familiar face in Indonesia’s geothermal landscape. Chevron operated two huge geothermal plants – the 370 MW Salak and 240 MW Darajat – but sold them to Star Energy in March 2017.
The Chevron and Pertamina Geothermal Energy consortium was awarded the Way Ratai geothermal work area in Lampung, Sumatra on June 12, 2023.
Then on October 3, 2023, the two companies signed agreements to set up a joint venture company, PT Cahaya Anagata Energy (CAE), and placed funds in a joint account as a commitment to carry out various activities such as surveys and exploration works.
On 24 September 2024, the Indonesian government issued the geothermal permit – IPB or Izin Panas Bumi – to Cahaya Anagata Energy as the Way Ratai geothermal work area operator.
The geothermal permit allows CAE to start geoscience surveys and other activities to develop the geothermal resources of Way Ratai.
This IPB issuance also marked the first time that an application for IPB was made seamlessly by online submissions in Indonesia.
So, Chevron and Pertamina Geothermal Energy are ready to go. We look forward to seeing a potentially 55 MW Way Ratai geothermal plant operate commercially by 2032.
To learn more about Indonesia’s geothermal landscape, check out this article on the 10 largest geothermal plants in the country.
This article is written by Jamin Djuang – Chief Learrning Officer of LDI Training.
