Australia’s Cooper Basin; Indonesia plant underway; The Philippines on Leyte and Tiwi-Makban

Geodynamics writes off the value of the Cooper Basin EGS project. Indonesia’s Garut, West Java plant is under construction. The Philippines has updates on Leyte and Tiwi-Makban.

Australia: Value of Cooper Basin Project Written Off, Company Still has High Hopes for EGS
Indonesia: West Java Plant Under Construction
The Philippines: Jaro Town Wants Share of Leyte Tax Benefits; Aboitiz Pushes on with Tiwi-Makban Upgrade

Australia: Value of Cooper Basin Project Written Off, Company Still has High Hopes for EGS
Geodynamics, the company that began commissioning at its flagship EGS project in April (Geo-energy.org (PDF)), has announced it is writing $88.8 million off its Cooper Basin assets and the value of the plant has been written down to zero. Despite this, the company says testing at Habanero well at the site has been successful and it still believes EGS plays a significant role in Australia’s energy future. The company is still developing plans for an initial smaller scale commercial project of 5–10 MW. Reneweconomy.com.au; Geoenergist.wordpress.com; Geoenergist.wordpress.com

Indonesia: West Java Plant Under Construction
PT Pertamina’s geothermal subsidiary in Indonesia has begun building the Kamojang Unit 5 geothermal power plant in Garut, West Java. Engineering, procurement and construction (EPC) of the planned 30-MW power plant will take about one year, President Director Adriansyah told press. En.indonesiafinancetoday.com

The Philippines: Jaro Town Wants Share of Leyte Tax Benefits; Aboitiz Pushes on with Tiwi-Makban Upgrade
Updates are coming in on major geothermal operations in the Philippines.

Bidding for geothermal power from the Leyte Geothermal Production Field (LGPF) continues to be a hot topic in local press (Geoenergist.wordpress.com). Now, Mayor Rolando Celebre of Jaro town, Tacloban City has asked for a share of tax from the plant. “We also would like to get a share in the royalty taxes they enjoy to benefit our constituents and they have been getting a big share from geothermal energy for a long time now, while our town has received none,” Celebre told press. Sunstar.com.ph

Additionally, Aboitiz Group’s subsidiary AP Renewables Inc., which acquired the Tiwi-Makban geothermal plants in 2008 for $446.888 million, has since been talking about expanding power production at the site (Geo-energy.org (PDF)). With the group’s $150 million upgrades, the plants have each obtained increased availability factors, by 25% and 15%, respectively. So, despite hurdles noted in our August 1 issue (Geoenergist.wordpress.com), it seems the Tiwi-Makban geothermal plants are progressing. Philstar.com; Interaksyon.com

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