Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is the world leader in geothermal energy production used for electricity and has developed 25% of the world’s capacity in this area. Chevron has been investing in Indonesia’s geothermal sector since the 1980s.
In partnership with the state oil company Pertamina, the company commissioned the Darajat Unit III geothermal power station in 2007. Darajat Unit III generates over 110MW of electricity sold under a power purchase agreement to the state-owned grid operator PLN. The Darajat Unit III development provides a major contribution to supporting the provision of clean, reliable and affordable electricity in Indonesia. The power supplied is highly reliable and can supply more than 825,000 households. It reduces Indonesia’s reliance on imported oil and offsets millions of tons of carbon emissions that would otherwise traditionally have resulted from conventional methods of power generation. This generates Certified Emission Reductions under the Clean Development Mechanism, which also enhances the financial performance of the project.