Sarulla Operations 330MW Geothermal Power Plant

Overview:

• The Sarulla Operations 330MW geothermal plant is located in the Tapanuli Utara district, in North Sumatra province, Indonesia.
• It is the largest single-contract geothermal power project in Indonesia to date, and is owned and will be operated by Sarulla Operations, a consortium that includes Medco Energi Internation (27.5%), Ormat Techologies (12.75%), Itochu (25%) and Kyushu Electric (25%). The consortium has a joint operating contract with the concession holder Pertamina Geothermal Energy (PGE), whose parent company is Pertamina, a state-owned oil and gas company.
• The power plant will be constructed in three phases of 110MW each. Phase 1 started in 2014 and the other two phases are expected to be commissioned in 2017 and 2018.
• The project reached financial close in May 2014, and received a loan of $492 million from the Japan Bank for International Cooperation (JBIC) in March 2014. Other lenders including Asian Development Bank (ADB), Bank of Tokyo-Mitsubishi UFJ, ING Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, Mizuho Bank and National Australia Bank.

Wai Yee Tsang - Journalist - Asia Pacific