TATA Power Company is one of the two companies shortlisted by the Indonesian government to develop a 200 MW geothermal capacity that would need an investment of around INR 3,000 crore.
The Tata Group company, in consortium with Indonesia’s PT Supraco Energy and Australian electricity and gas retailer Origin Energy, was among the eight global bidders to bid for the project in Sumatra. The race for the clean energy project also saw global energy majors Chevron and PT Medco Energi Internasional putting in bids.
Mr S Padmanabhan executive director of TATA Power Company told that “We would not like to talk much about the project as it hasn’t yet been finalized adding that the decision to decide on the final bidder could be made anytime.”
The identity of the other shortlisted bidder was not clear. TATA Power has floated a separate company in Singapore, called OTP Geothermal, for handling all geo-thermal projects in the region. Indonesia, the world’s largest archipelago that has about thirteen-thousand islands with hundreds of active and extinct volcanoes has the potential to produce an estimated 27,000 mw of electricity from geothermal sources, mainly due to its geographical position in the Pacific Ring of Fire.
(Sourced from ET)
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