Jakarta - "PT Pertamina Geothermal Energy (PGE) in 2017 managed to achieve the highest profit in the last five years, which amounted to US $ 95.24 million," said Irfan Zainuddin, PGE President Director when met (2/4/2018). The profit was 26.7 percent higher than the profit in 2016 (US $ 75.16 million).
That achievement is 10 percent above the 2017 RKAP target. Irfan explained, the high profit obtained by PGE is a sweet fruit of the consistency of PGE workers in carrying out the efficiency principle of both operating and investment costs. So do not be surprised if throughout 2017 PGE was able to save Operating Costs (ABO) up to 30%, namely: only US $ 51.11 million was used from US $ 72.62 million provided.
In addition to the PGE's financial profile last year, operating performance was no less stylish. It was noted that the accumulation of PGE production in 2017 reached 3,900 GWh, up 28% compared to 2016 of 3,043 GWh. The achievement of these production figures is driven by the full operation of the Lahendong Unit 5 & 6 Geothermal Power Plant (2x20 MW) and Ulubelu Unit 3 (55 MW) PLTP throughout 2017.
"In addition, there are several production facilities operating Again, one of them is the Kamojang Unit 1 PLTP which has been shutdown since 2015. Starting on December 14, 2017, this unit is back in operation, "explained Irfan. In terms of project progress, according to Irfan, Lahendong Unit 5 PLTP has been operating since 15 September 2016. While the Lahendong Unit 6 PLTP was on stream starting 9 December 2016, while the Ulubelu Unit 3 PLTP was in December 2016. In addition, last year's PGE production contribution was significantly also donated by PLTP Ulubelu Unit 4 (55 MW) which entered the commercial operational date (COD) phase since March 25, 2017.
"The operation of the new units has pushed Lahendong Area production to increase by 84.1% compared to 2016, and the Ulubelu Area production also "Up to 50.4% of 2016 achievement," added Irfan, proclaiming the progress of the two areas. Furthermore Irfan said, actually the production achievement still has the potential to be increased again.
However, this is a problem because the Karaha PLTP (30 MW) is planned to be fully operational May 1, 2017, only realized on December 26, 2017 with a capacity of 24 MW. Other obstacles that hinder production optimization are: (1) damage to the Lahendong Unit 4 (PLN) geothermal turbine since October 11, 2017 which until now has not yet operated, (2) shutdown of the Lahendong Unit 1 (PLN) PLTP on May 30, 2017 which has just started operating back to the PGE Lahendong Unit 5 & 6 PLTP, North Sulawesi. July 15, 2017, (3) shutdown of Kamojang Unit 4 PLTP (owned by PGE) July 18, 2017 due to the earthquake and re-operation on August 4, 2017. PLTP damage, of course, affects PGE's overall performance.
In terms of production, PGE experienced an opportunity lost (revenue), whereas from the cost of damage to the PLN PLTP affected the additional operating costs of PGE that were not previously budgeted, to normalize the production of wells according to the initial design intake of the PLTP. "Opportuniny lost and additional operational costs have a direct impact on PGE's bottom line, namely a decrease in profit.
This can be minimized through PGE management foresight, in determining the priority scale of operating activities and reducing the time to implement the production facility overhaul. So, we can learn big savings, "explained Irfan closing the conversation.
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