Investors from five countries have shown interest in the natural gas resource of South Sumatra. The province reportedly has the potential to generate up to 1,911 mega watts of electricity from six different areas containing geothermal energy.
South Sumatra Investment Agency chief Permana said that the five countries were Turkey, India, the US, Canada and Italy. At least three energy companies have undergone the tender process for the utilization of South Sumatra geothermal energy.
“We will accept [the company] that offers the best and highest offer,” he added on Wednesday.
According to Permana, natural gas resources are just one of a number of local resources on offer to foreign investors, adding that they possess the skills and resources to process natural gas.
The natural gas, however, must still be sold to state electricity utility PLN to fulfill the local need for energy, Permana said, as reported by kompas.com.
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