Wayang Windu to be the largest Geothermal Power Station in Indonesia
Star Energy announced that it is proceeding through its 100% owned subsidiary Magma Nusantara Limited (MNL), to continue the development of the Wayang Windu geothermal field in West Java to be the largest geothermal development in Indonesia, and one of the largest in the world. The announcement follows the signing of the Amendments to the Joint Operation Contract with Pertamina, and the Energy Sales Contract with Pertamina and Perusahaan Listrik Negara (PLN) on 21 November, 2006, by Purnomo Yusgiantoro, the Minister of Energy and Mineral Resources.
Wayang Windu Unit 1, generating 110 MW into PLN’s grid, has been operating since 2000. This will be followed by an identical 110MW Unit 2 to be commissioned in 2008. Further expansion will be operational by 2010 to achieve the 400MW sales commitment.
Not only will Wayang Windu be the largest geothermal development in Indonesia, Star Energy has also announced that their first Unit 2 development well MBD-5 at Wayang Windu, drilled last month, has now been tested to be the largest dry steam well in the world at more than 40MW. This achievement sets the pace for a rapid development of the remainder of the 400MW which will support the PLN electrical grid system throughout Java, Madura and Bali.
The Government, through The Ministry of Energy and Mineral Resources and PLN along with Pertamina is encouraging the use of geothermal energy as a substitute for oil and coal. Indonesia has the world’s largest resources of geothermal energy, much of it in energy-hungry Java, so this new contribution from Wayang Windu supports this Government initiative to preserve petroleum based resources. Supramu Santosa, President Director and CEO of Star Energy said that Star Energy supports the Indonesian Government intention to maximize the application of renewable resources for power generation, and is committed to long term participation in the geothermal industry.
Star Energy is also operating oil & gas resources at Kakap Block in the Natuna Sea, and is exploring at Banyumas in Central Java and Sebatik in East Kalimantan, with other assets currently being assessed.
Jakarta, Monday 27 November 2006.