Units two and three with an additional capacity of 110 MW each will begin operation in 2017 and 2018 respectively, making a total of 330 MW.
The Sarulla geothermal power plant will be the world’s largest single-contract geothermal power plant and will accelerate the achievement of electrification target in Indonesia.
The project requires roughly USD 1.5 billion of investment, financed by private sector participation—lead by Medco Energy in a consortium with Itochu, Kyushu, and Ormat— encompassing 20 percent equity and 80 percent loan financing from Japan Bank for International Corporation (JBIC), through an independent power producer (IPP) scheme.
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