THE Energy Development Corp. (EDC) has been granted surface exploration and drilling rights needed as preliminary survey assignments plus exploration (PSPE) for two greenfield geothermal projects in Indonesia.
The company said in a statement yesterday Indonesia’s Ministry of Energy and Mineral Resource awarded the PSPE for the Koto Sani Tanjung Bingkung and Bora Pulu geothermal projects at the 10th Indonesia International Geothermal Convention and Exhibition held last month.
EDC said each resource area has a possible capacity of up to 40 megawatts (MW) and a development cost of $228 million for a total capacity of 80 MW and investment cost of $456 million.
The company said each project will also need 175 people to be developed.
EDC said the estimates may be updated following the collection of geomagnetic, gravity and geology data for the resource areas.
