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ChevronTexaco Will Facilitate Electricity Shortages

US oil firm ChevronTexaco Corp. plans to build a $128 million geothermal power generating unit

ChevronTexaco Will Facilitate Electricity Shortages

US oil firm ChevronTexaco Corp. plans to build a $128 million geothermal power generating unit in West Java, Indonesia to help reduce future electricity shortages in Java, Madura and Bali.

ChevronTexaco will have a 95 percent stake in the 110 megawatt plant, and Darajat Geothermal Indonesia 5 percent.

A power sales contract has been signed with the state utility Perusahaan Listrik Negara and state oil company PT Pertamina, ChevronTexaco said.

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