Indonesia:

Japanese Company Buys into 330 MW Sarulla Geothermal Project (SeeNews Renewables)

Inpex Corporation (INPEX) announced today that it has agreed with a consortium of Japanese, Indonesian and U.S. companies to indirectly participate, by acquiring 49% of an affiliate of PT Medco Power Indonesia (Medco), in the Sarulla Geothermal Independent Power Producer (IPP) Project in Indonesia, the world’s largest single-contract geothermal power project.

The consortium is comprised of ITOCHU Corporation and Kyushu Electric Power Co., Inc. of Japan, Medco and Ormat Technologies of the U.S.

The project involves constructing a geothermal power plant with a maximum capacity of 330 MW in the Sarulla Geothermal Field located in North Sumatra Province, and providing generated power to Perusahaan Listrik Negara, Indonesia’s government-owned electricity company over a period of 30 years. The power plant currently under construction is expected to initiate commercial operations in 2016, and reach an output of 330 MW, equivalent to the annual consumption of 700,000 households in Japan, by 2018.

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