JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) through the Directorate General of New and Renewable Energy and Energy Conservation (EBTKE) announced PT Ormat Geothermal Indonesia (TRU-01) as the winner of the Telaga Ranau Geothermal Working Area (WKP) auction.
For information, this area has an electrical energy reserve of approximately 40 megawatts (MW) and can be used for geothermal power plants (PLTP).
The decision is contained in the Decree of the Minister of Energy and Mineral Resources Number 8.K/EK.04/MEM.E/2026 dated January 8, 2026 regarding the Winner of the Geothermal Work Area Auction in the Ranu Lake area, West Halmahera Regency, North Maluku Province.
After being announced, the auction winner must fulfill a number of obligations within a maximum period of 4 months from being designated as the winner.
These obligations include payment of the basic price of the work area data as non-tax state revenue in accordance with the provisions of laws and regulations. Then the auction winner is also required to place an exploration commitment as referred to in the applicable regulations at a bank with the status of a BUMN.
In the event that the auction winner cannot fulfill these obligations within the specified period, the auction winner is declared to have been eliminated and the next ranking will be determined as the auction winner.
The Ministry of Energy and Mineral Resources also stated that if the auction winner is a business entity that has not specifically been allocated to manage the winning work area, then the business entity must form a new business entity or make changes to the business entity's articles of incorporation.
The formation of the new business entity must meet the provisions of the composition of share ownership, where at least 95 percent of the shares are owned by the winning business entity.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
