Due to the promising prospect for geothermal energy in Indonesia, coupled with a huge demand for renewable energy as well as the need to increase its share in the proportion of the total energy mix, PT Supreme Energy was established in October 2007 by Mr. Supramu Santosa, a veteran of oil and gas industry and the former founder of the Star Energy Group. The company was specifically formed to capitalize on his vast knowledge and experience, and to further develop the geothermal energy sector.
Executives of PT Supreme Energy have extensive experience and knowledge of energy business in Indonesia. They have been very active and directly involved in oil and gas industry, as well as in the geothermal development and operations in Indonesia for the past 20 years. PT Supreme Energy has always employed a dedicated exploration team, whose members have had years of training and experience from major geothermal and oil and gas companies, with solid and proven world-class track records.
In early 2008, PT Supreme Energy was assigned by the Minister of Mineral Resources of the Republic of Indonesia to conduct four pre-feasibility studies in different areas in Sumatera, all of which were completed in 2009. In early 2010, the Liki Pinangawan Muaralaboh and Gunung Rajabasa geothermal concessions were awarded to Supreme Energy who teamed up in a consortium with ENGIE (previously GDF Suez), the leader and largest independent power producer in the world in a consortium. Following this award, the mining licenses were issued consecutively in April and May 2010. In December 2010, the concession for Rantau Dedap resource area was awarded to the same consortium.
Sumitomo Corporation joined the consortium in 2010 to develop the Muara Laboh and Rajabasa concessions together with Supreme Energy and ENGIE. PT Supreme Energy, ENGIE and Sumitomo Corporation are the shareholders of the Supreme Energy Muara Laboh and Supreme Energy Rajabasa project companies. As for Rantau Dedap project, Marubeni Corporation later joined the consortium and becoming the partner for further development of this project.
This industrial partnership brings together unmatched experience and strengths not only in the development, financing and construction of power plants, but also in the operation and maintenance by providing the necessary development, technical and financial support to explore and develop the above three concessions.