30-11-04 ChevronTexaco, the second largest US energy firm, said it had decided to invest $ 128 mm in Indonesia to build a new geothermal power generating unit in West Java.
ChevronTexaco said that the company's local unit, ChevronTexaco Energy Indonesia (CTEI), would expand the Darajat geothermal power plant by building a new 110 MW unit in Darajat, Garut, West Java.

CTEI, which was formerly known as Amoseas Indonesia, will have a 95 % stake in the project, with the remaining 5 % held by Darajat Geothermal Indonesia. Darajat is linked to the Tahija family.
"The new unit will help meet the electricity demands in Java, Madura and Bali, where supply shortages are anticipated," George Kirkland, president ChevronTexaco Overseas Petroleum, was quoted as saying.

Geothermal resources in Darajat are abundant, clean, renewable and able to easily generate up to 330 MW of electrical power. CTEI has built two power units, Dradjat I and II, with a combined capacity of 145 MW.
CTEI signed a power sales contract with state utility PT Perusahaan Listrik Negara (PLN) and state oil and gas company PT Pertamina earlier this year for the development of the Darajat III plant.

In October this year, it awarded the engineering, procurement and construction (EPC) contract to the consortium consisting of PT Thiess Contractors Indonesia and Kanematsu. Construction of the new power unit will be completed within two years and commercial operations are expected to begin by the third quarter of 2006.
The new power unit is expected to be in operation for 30 years.