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Supreme Energy Rantau Dedap Signed a Loan Agreement for Rantau Dedap Geothermal Development

Supreme Energy Rantau Dedap Signed a Loan Agreement for Rantau Dedap Geothermal Development

posted in News

Jakarta, - PT. Supreme Energy Rantau Dedap (SERD) has signed a loan agreement with Japan Bank for International Cooperation, Asian Development Bank, Nippon Export and Investment Insurance and international commercial banks (Mizuho Bank, Ltd., Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation) on 23 March 2018. The loan of USD approx. 540 million is to finance the development of 98.4MW (gross) Geothermal Power Generation Project located at Muara Enim Region, Lahat Region and City of Pagar Alam, South Sumatra Province. To develop the project, SERD has also appointed an EPC Contractor, a consortium of PT Rekayasa Industri and Fuji Electric Co., Ltd. The Project is expected to be completed in 2020.
Supramu Santosa, President & CEO of Supreme Energy said that “the development of Rantau Dedap Geothermal, following the commencement of Muara Laboh Geothermal development in 2017, represents another long persistent efforts and strong commitment of Supreme Energy in the development of Geothermal Resources in Indonesia which is an important part of the Government of Indonesia plan to boost the share of renewable energy in the country’s energy mix to achieve a sustainable energy security.”
The Rantau Dedap project will help opening up a somewhat remote regions in South Sumatra Province, providing employment opportunity to around 1,200 people as well as providing opportunity to local businesses during the construction period. The CO2 emission free electricity generated by the plant will be able to provide electricity to some 130 thousand households. Supreme Energy is also developing and constructing 80 MW Geothermal Power Generation Project by PT. Supreme Energy Muara Laboh (SEML), in South Solok Region, West Sumatra Province, and it is expected to be commercially in operation in late 2019. Through PT. Supreme Energy Rajabasa (SERB), Supreme Energy is also preparing the exploration program for Gunung Rajabasa Working Area located in South Lampung Region.
SERD is a Joint Venture Company consisting of PT. Supreme Energy, ENGIE of French, Marubeni Corp and Tohoku Electric Power Co., Inc. of Japan while SEML and SERB are joint ventures of PT. Supreme Energy, ENGIE and Sumitomo Corp of Japan.
29 05, 18