PT Hitay is currently focused on the development of Mount Talamau, West Pasaman Regency and Mount Tandikat, Agam and Padang Pariaman Regencies, with a potential of 150 MW.
“We are aware that managing geothermal potential is a long-term business. With the financial strength we have, we are optimistic about responding to emerging global challenges,” said Remzi Caner Yilmaz, Director of PT Hitay Daya Energy.
Yilmaz also touched on the development strategy of building smaller power plants, thus attracting investment for further expansion. “The formula for success in geothermal exploration starts from small initial exploration activities with 20-55 MWe drilling in the sweet spot area and core hole drilling in stages, which is proven to quickly increase resource potential. “Faster COD with the Wellhead Power Plant can support financing for the remaining exploration.”
Hitay has long had a presence in the geothermal market of Indonesia, with investment plans and exploration surveys being announced as far back as 2013. PT Hitay won the bidding for the Mount Talang Geothermal Working Area (WKP) back in in 2016, while the survey rights for Mount Tandikat were awarded just in 2022. In early 2022, there was news of KS Orka acquiring the geothermal portfolio of PT Hitay in Indonesia, but this transaction has since been canceled.
