Reported last week from Indonesia, project Joint Venture IPR-GDF Suez Asia together with its project partners PT Supreme Energy and Sumitomo Corporation has signed a 30-year PPA for two 220 MW geothermal projects in Indonesia.
The projects are Muara Laboh and Rajabasa and are located on Sumatra Island. They were part of the second fast-track program of the Indonesian government.
The PPA has been a prerequisite for commencing the project into exploratory drilling. If everything goes like planned, both projects are expected to start operation in 2016. IPR-GDF Suez Asia has a 35% interest in both projects.
The government has provided the developing company a government guarantee for the two projects, covering the obligations of the state utility PLN as buyer of the power under the PPA.
IPR-GDF Suez has a several operating assets and is working in another JV with Marubeni Corp. and PT Supreme Energy for another 220 MW geothermal power plant projects, Rantau Dedap in South Sumatra.
Source: Energy Business iQ
