Over 1 million CERs issued to Chevron's Geothermal project in Indonesia

London, 27 May 2011: Chevron, the US oil major, has received issuance of 1.24 Million carbon credits from its geothermal project in West Java, Indonesia. The carbon credits, known as Certified Emission Reductions (CERs), were issued to this 121 MW geothermal project for its opeartion between September 2007 - July 2009. The project was registered under the Clean Development Mechanism (CDM) in year 2006.

The electricity produced from this power plant is supplied to the Java-Madura-Bali (JAMALI) interconnected grid system in Indonesia. Situated 150km from Jakarta, the project region is characterized by medium to high topographic relief. The concession area ranges in height from approximately 1500m to 2200m above sea level with an average height of more than 1600m.

Indonesia is the leader in geothermal CDM in the world and has the maximum installed capacity at 307 MW. Kenya is at a distant second at 83 MW.