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.

Supramu Santosa, President & CEO of Supreme Energy said that “the development of Rantau Dedap Geothermal, following the commencement of Muara Laboh Geothermal  development in 2017, represents another long persistent efforts and strong commitment of Supreme Energy in the development of Geothermal Resources in Indonesia which is an important part of the Government of Indonesia plan to boost the share of renewable energy in the country’s energy mix to achieve a sustainable energy security.”

The Rantau Dedap project will help opening up a somewhat remote regions in South Sumatra Province, providing employment opportunity to around 1,200 people as well as providing opportunity to local businesses during the construction period.  The CO2 emission free electricity generated by the plant will be able to provide electricity to some 130 thousand households.  Supreme Energy is also developing and constructing 80 MW Geothermal Power Generation Project by PT. Supreme Energy Muara Laboh (SEML), in South Solok Region, West Sumatra Province, and it is expected to be commercially in operation in late 2019. Through PT. Supreme Energy Rajabasa (SERB), Supreme Energy is also preparing the exploration program for Gunung Rajabasa Working Area located in South Lampung Region.

SERD is a Joint Venture Company consisting of PT. Supreme Energy, ENGIE of French, Marubeni Corp and Tohoku Electric Power Co., Inc. of Japan while SEML and SERB are joint ventures of PT. Supreme Energy, ENGIE and Sumitomo Corp of Japan.

About Supreme Energy


Supreme Energy was established in 2007. The company was created by professionals with extensive experience and knowledge of the energy business in Indonesia who have been very active and directly involved in the oil & gas industry and in geothermal development and operations in Indonesia for the past 40 years. Supreme Energy signed PPAs with PLN in 2012 for the development of the three geothermal working areas.

About ENGIE


 

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE has been present in Indonesia for over 60 years. Its employees are committed to contributing to the sustainable development of one of the world’s fastest-growing economies, through increasing energy supply with natural gas and renewable power (geothermal, solar, biogas), as well as improving energy efficiency and providing solutions to the challenges of rapid urbanization.

About Marubeni Corporation


Marubeni Corporation is one of the leading Japanese trading firms publicly listed in Japan, founded in 1858. Marubeni Group conducts diversified business activities such as importing and exporting (including international business transactions) and domestic business transactions, while providing various services and being involved in domestic and foreign business investments and resource development in the broad range of fields of food, lifestyle, forest products, chemicals, energy, metals and mineral resources, transportation machinery, power projects and infrastructure, etc., making the most of our worldwide business bases and information network.

In power projects and infrastructure business, Marubeni has invested in 53 power generation facilities in 23 countries outside of Japan with gross capacity of approximately 40,500MW and net capacity of approximately 11,800MW. It also supplied approximately 110,000MW power generation facilities as EPC contractor around the world since 1960’s.  www.marubeni.com

About Tohoku Electric Power Co., Inc.


Tohoku Electric Power Co., Inc. is one of the major Japanese utility companies founded in 1951. Together with its subsidiaries, it generates, transmits, and distributes electricity throughout Tohoku region, which comprises the seven northernmost prefectures of Japan’s main island of Honshu.

The company’s electric power sale in fiscal 2017 amounted to 74,258GWh. Its total generating capacity is 19,066MW, which is composed of thermal (12,965MW), nuclear (3,274MW), hydro (2,551MW), and renewable (276MW) including geothermal and solar.

For overseas business, the company participates in power generation projects based on its distinctive strength such as high efficiency thermal and geothermal power generation as a gateway into target regions of Southeast Asia, North America and Central America. In 2017, the company set quantitative target to increase its overseas net capacity from 200MW to 600MW by the year of 2020 and 1,200MW by 2030. It also has experiences of 59 consulting services in 20 countries.

http://www.tohoku-epco.co.jp/english/index.html