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Mercury Expands New Zealand Geothermal Platform With Billion Dollar Investment

Mercury’s $1 Billion Geothermal Expansion Signals a New Era for New Zealand’s Renewable Energy Future By: Robert Buluma   Mercury Doubles Down on Geothermal Power New Zealand’s renewable energy transition has entered a bold new chapter after Mercury announced plans to significantly scale its geothermal platform with a potential investment of up to $1 billion. The announcement marks one of the country’s most ambitious geothermal expansion strategies in recent years and reinforces geothermal energy’s growing role as a reliable, baseload renewable power source capable of supporting future electricity demand. Mercury revealed that it will immediately commit NZ$75 million toward geothermal appraisal drilling at two major projects located near Taupō — Ngā Tamariki and Rotokawa. These developments could collectively generate an additional 1 terawatt-hour (TWh) of electricity annually, enough to power approximately 125,000 more homes across New Zealand. The projects are expected to t...
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Preliminary Survey and Geothermal Exploration Area Offer: Bora Pulu

Geothermal Exploration Opportunities in Central Sulawesi: The Bora Pulu Area

By: Robert Buluma

The Ministry of Energy and Mineral Resources ESDM has recently announced the opening of a tender for a geothermal exploration area in the Bora Pulu region, located in Sigi Regency and Palu City, Central Sulawesi. This is a significant opportunity for business entities engaged in the geothermal sector, offering a potential 52 MWe of geothermal reserves over an extensive area of 78,388 hectares.

The Bora Pulu Geothermal WPSPE

The geothermal Preliminary Survey and Exploration Assignment Area (WPSPE) named Bora Pulu represents a promising site for energy developers. The area is strategically located in Central Sulawesi, a region known for its geothermal potential. With possible reserves estimated at 52 MWe, this project could be a significant contributor to Indonesia's renewable energy goal

Who Can Participate?

The tender is open to business entities with experience in geothermal energy, upstream oil and gas, mineral/coal mining, or power generation sectors. To participate, interested entities must submit a complete application including administrative, technical, and financial documents. Key administrative requirements include a copy of the business entity's establishment deed, taxpayer identification numbers, company profiles, and a statement confirming the company's legal standing.

The Bidding Process

The process for the Bora Pulu WPSPE tender is straightforward, yet rigorous, adhering to the provisions set out in the geothermal sector's legal framework. Interested entities are required to register for the bidding process by submitting their forms between August 5, 2024, and September 4, 2024. The submission can be made in person at the Geothermal PSPE Selection Committee Secretariat in Central Jakarta or by a representative with a power of attorney.

The successful bidder will have the opportunity to conduct geothermal exploration in the Bora Pulu area, with the expectation of entering into a Pre-Transaction Agreement (PTA) with PT PLN (Persero) once exploration is complete and the necessary permits are obtained.

A Step Forward for Indonesia's Geothermal Ambitions

The Bora Pulu geothermal project is part of Indonesia's broader strategy to harness its vast geothermal potential, contributing to the country's renewable energy targets. As one of the world's top geothermal-rich countries, Indonesia's focus on geothermal development is not only crucial for energy diversification but also for reducing its carbon footprint.

Indonesia could be the Next Geothermal magnet as we recently did article on Developments of the 46 MW Nage Geothermal and within a blink of an eye we were hot With Geothermal when Chubu Electric is Keen on banking on the Indonesian Geothermal cake

This tender represents a critical step in unlocking the geothermal resources in Central Sulawesi, paving the way for future energy security and sustainability in the region. As the world shifts towards cleaner energy sources, projects like Bora Pulu underscore Indonesia's commitment to leading the charge in geothermal energy development.

For more detailed information and to participate in the bidding process, interested parties can visit the official EBTKE website, where all relevant documents and forms are available for download here : Port 1, Port 2 ,Port 3

This geothermal initiative in Bora Pulu is an exciting opportunity for those in the renewable energy sector, and its success could set a precedent for further geothermal exploration across Indonesia.

Source:ebtke.esdmwesi

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