Calpine enters Indonesian power sector.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--April 2, 1996--Calpine Corp., one of the nation's largest producers of geothermal energy geothermal energy: see energy, sources of. geothermal energy Power obtained by using heat from the Earth's interior. Most geothermal resources are in regions of active volcanism. , announced today it has entered into a joint venture agreement with PT. Dharmasatrya Arthasentosa (DATRA) to develop geothermal ge·o·ther·mal also ge·o·ther·mic adj. Of or relating to the internal heat of the earth. ge facilities in the Lampung Province of Indonesia. The proposed projects will be developed at the Ulubelu geothermal resource and target the development of 330 megawatts of capacity. The initial 110 megawatt meg·a·watt n. Abbr. MW One million watts. meg  a·watt phase is anticipated to begin commercial operation in 2000, and will sell electricity to Perusahaan Umum Listrik Negara (PLN PLNIn currencies, this is the abbreviation for the Polish Zloty. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), the state-owned electric company. Peter Camp, vice president, stated, "Indonesia is rich in geothermal potential and is committed to private power. DATRA, with interests in coal mining, is an ideal local partner. We believe the team of DATRA, Pertamina, PLN and Calpine will make Ulubelu a productive addition to Indonesia's energy mix." The Calpine/DATRA joint venture will design, construct, own and operate the geothermal power Geothermal power Thermal or electrical power produced from the thermal energy contained in the Earth (geothermal energy). Use of geothermal energy is based thermodynamically on the temperature difference between a mass of subsurface rock and water and a mass plant facilities at Ulubelu and may also cooperate in the development of other Indonesia power projects. The joint venture is currently negotiating with Indonesia's National Resource Agency Pertamina regarding resource development. Calpine Corp. is a leading U.S. power company, with operations in selected international markets. The company develops, owns and operates gas-fired and geothermal power generating facilities and is a national power marketer. CONTACT: Calpine Corp. Katherine Potter, 408/995-5115 |
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