Tuesday, June 26, 2018

Indonesia: Loan Agreement Signed to Help Fund 98.4 MW Rantau Dedap Geothermal Power Project

Marubeni Achieves Conclusion of Project Finance Agreement (News Release)

Marubeni Corporation is pleased to announce that PT. Supreme Energy Rantau Dedap, which is owned by Marubeni, ENGIE S.A., PT. Supreme Energy, and Tohoku Electric Power Co., Inc., signed a loan agreement for limited-recourse project financing in March 2018, and initiated construction of its geothermal power plant for the Rantau Dedap Geothermal Independent Power Project, located in the Republic of Indonesia in April 2018.

PT. Supreme Energy Rantau Dedap will construct a 98.4 MW power plant in the South Sumatra province of Indonesia, and all generated power will be dispatched to PT. PLN (Persero) under a 30-year Power Purchase Agreement