The Directorate General of New and Renewable Energy at the Ministry of Energy and Mineral Resources has decided to suspend the ongoing tender process for the Gunung Hamiding geothermal area in Maluku Utara Province and the Graho Nyabu geothermal area in Jambi Province pending completion of the revision of the feed-in tariff for renewable energy sources, Bisnis Indonesia reported on Tuesday.
?In the meantime it (tender process) is put under moratorium?, still being evaluated whether to wait for the FIT (feed-in tariff) or a new mechanism,? said Director of Geothermal at the directorate Yunus Saefulhak, adding that the ministry could not yet decide as to when the winning bidder will be announced.
The government is currently in the process of revising the FIT for renewable energy sources in a bid to help lure fresh investment into the sector.
The directorate announced on December 16 that PT Star Energy Geothermal Indonesia is the only bidder that has passed the first bidding round for the Gunung Hamiding geothermal working area, and will move to the final second bidding stage.
The directorate also announced that based on evaluation process, PT EDC Indonesia has passed the first bidding round for the Graho Nyabu geothermal working area in Jambi, and will move to the second bidding round.
Yunus said earlier that the winning bidders for the two projects were expected to be announced in February of this year.
Following is description of the two geothermal projects.
Working area: Graho Nyabu
Location: Merangin and Kerinci regencies in Jambi province.
Area Size: 109,000 Ha
Estimated reserve: 200 MW
Estimated geothermometer: 236?C
Development capacity plan: 110 MW
Development scheme: Total Project
Ceiling price: 15.9 US cents per kWh (based on the energy and mineral resources ministry?s regulation (Permen ESDM) No.17/2014).
Commercial Operation Date (COD) target: 2025
Working area: Gunung Hamiding
Location: North Halmahera, North Maluku province.
Area size: 42,100 Ha
Estimated reserve: 265 MW
Estimated geothermometer: 250?-300?C
Development capacity plan: 20 MW
Development scheme: Total Project
Ceiling price: 22.6 US cents per kWh (based on the energy and mineral resources ministry?s regulation (Permen ESDM) No.17/2014).
Commercial Operation Date (COD) target: 2024. (*)
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