Wednesday, March 28, 2018

Indonesia: ADB Funding for 86 MW Rantau Dedap Geothermal Project

ADB offers $175.3m loan to support geothermal project in Indonesia (Power Technology)

The Asian Development Bank (ADB) has signed an agreement to provide a $175.3m loan to PT Supreme Energy Rantau Dadap (SERD) to support the second phase development of the company’s geothermal power project in South Sumatra, Indonesia.

The Rantau Dedap project is being developed by SERD, a joint venture between Indonesian geothermal power developer PT Supreme Energy, Japanese firms Marubeni and Tohoku Electric Power, as well as French utility Engie.

With the loan, the Rantau Dedap geothermal facilities are expected to generate more than 90 MW of electricity.

From the Global Geothermal News archives: