JAKARTA (RambuEnergy.com) – Pacific Oil & Gas (PO&G), a subsidiary of RGE Group, found by Indonesia’s tycoon Sukanto Tanoto, is seeking investment opportunities in the country’s oil, gas and power sector.
PO&G has been little known in Indonesia’s oil and gas industry, but the company has slowly built its business in the sector. So far the company invested in three oil and gas blocks in Sumatera through cooperating with the state owned energy company Pertamina, said PO&G Indonesia President Director Kusnan Rahman in Jakarta.
The company hopes to cooperate with Pertamina in developing new oil and gas blocks as well as developing power plants to support the government’s drive in meeting the country’s energy and electricity needs.
PO&G, however, has been developing and operating gas power plants in overseas, including a Combined Cycle Gas Turbine (CCGT) Xiamen, with installed capacity of 780 MW, in Fujian, China. PLTGU Xiamen is 100-percent owned and operated by PO&G.
The government is currently embarking on developing 35 GW of power plants that will be completed in the next few years.
“PO&G is ready to support the government’s drive to achieve the target, in particularly developing new gas power plants,” Kusnan said. (*)