Muara Laboh 2x110MW Geothermal Power Project

24/3/2017
Project development

$ 600 million

Announced

24/3/2017


Overview:

  • The Muara Laboh 2x110MW Geothermal Power Project is the first internationally financed project to be developed under the new geothermal regulatory regime introduced by the government in 2003.
  • A Consortium of Supreme Energy, IPR-GdF Suez and Sumitomo Corporation was awarded the rights to develop this 2x110MW geothermal power project in Muara Laboh, Solok Selatan Regency, West Sumatra, Indonesia.
  • The project was the first to receive the Business Viability Guarantee from the Ministry of Finance (being a form of government support permitted under the second fast track programme regulatory framework). 
  • Construction of the geothermal plant began in late 2015 and electricity production is expected to commence by mid-2018.

 

Wai Yee Tsang - Journalist Asia Pacific

Jurisdiction:

Indonesia

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firms:

Party: JBIC (Lender)


Party: Supreme Energy Muara Laboh (Project developer)


Party: Supreme Energy Muara Laboh (Project developer)


Party: JBIC (Lender)


Party: JBIC (Lender)