Dieng 2 and Patuha 2 Geothermal Power Plant Groundbreaking

Figure 1. Executive Director of PT Geo Dipa Energi, Riki Firmandha Ibrahim, opened the event by presenting the current report of Dieng 2 and Patuha 2 projects.

The Purnomo Yusgiantoro Center (PYC) attended the Dieng 2 and Patuhan 2 Geothermal Power Plant Groundbreaking at Dhanapala Hall, Jakarta, on April 25, 2019. The event was organized by PT Geo Dipa Energi as the operator of both Dieng and Patuha Geothermal Field. The Executive Director of PT Geo Dipa Energi, Riki Firmanda Ibrahim, opened the event by presenting what they have done in the past couple of years, the current projects as well as the next project plans of PT Geo Dipa Energi.  PT Geo Dipa Energy has successfully operated two large-scale geothermal power plants, Dieng 1 Geothermal Power Plant in Wonosobo, Central Java and Patuha 1 Geothermal Power Plant in Bandung, West Java. Both have installed capacity of 60MW. The installed capacity has been increased from 60MW in 2002 to 120MW in 2015. The new additional power plants will allow PT Geo Dipa to increase their installed capacity up to 140MW in 2020 and 270MW in 2022. Furthermore, they also planned to open other two new geothermal power plants at Candi Umbul Telomoyo in Central Java and Arjuno Welirang in East Java.

The next speaker was Andrew Jeffries as the representative of the Asian Development Bank (ADB).  He argued the risk and uncertainty of geothermal project is generally higher than other renewable energy businesses. Thus, it is essential for the geothermal company to be supervised by a reliable financial consultant to analyze the economics scale of the project based on the capital and operational expenditure plans. As a financial institution, ADB commits to supporting green energy projects around the world, such as Carbon Capture Storage (CCS), renewable energy, and energy storage.

There were also two government representatives. They were FX Sutijastoto as the General Director of New Renewable Energy and Energy Conservation of the Ministry of Energy and Mineral Resources and Sri Mulyani as the Minister of Finance. Both FX Sutijastoto and Sri Mulyani appreciated the achievement of PT Geo Dipa Energy. Government target on increasing renewable energy share to 23 percent of the energy mix in 2025 must be followed by a strong commitment from stakeholders. Moreover, the development should also consider the sustainability aspects based on the national economic growth, electricity demand forecast, government target as well as Paris Agreement and Sustainable Development Goals (SDGs). Therefore, right policy should be implemented so that all parties, including the public and investors, could benefit from it.

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