Fazil Alfitri, president director of PT Medco Power Indonesia, which has a 37.25 percent participating interest in the consortium — Sarulla Operations Ltd. — that holds a contract of work (CoW) for the geothermal project, said several other infrastructure projects were now on the way to support the plant.
“The EPC [engineering, procurement, construction] for the power plant itself has not been completed. It will likely start in March or May next year. However, we have started the engineering work on roads and bridges,” Fazil said.
“The funding is also in place. We have signed a term sheet agreement. We hope that the financial part can be closed in March,” he added.
The Sarulla geothermal power plant, which is expected to generate three by 110 megawatts (MW) of electricity, was initiated in 1990. However, development was stalled over various issues, including shares and contract ownership.
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