PT. Supreme Energy Rantau Dedap signed a Loan Agreement for Rantau Dedap Geothermal Development

Posted on: April 4th, 2018 by Relation Staff

Supreme Energy Rantau Dedap (SERD) has signed a loan agreement with Japan Bank for International Cooperation, Asian Development Bank, Nippon Export and Investment Insurance) and international commercial banks (Mizuho Bank, Ltd., Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation) on 23 March 2018. The loan of USD approx. 540 million is to finance the development of 98.4MW (gross) Geothermal Power Generation Project located at Muara Enim Region, Lahat Region and City of Pagar Alam, South Sumatra Province. To develop the project, SERD has also appointed an EPC Contractor, a consortium of PT Rekayasa Industri and Fuji Electric Co., Ltd. The Project is expected to be completed in 2020. (more…)