Supreme Energy expects to start construction of Muara Laboh geothermal this year

JAKARTA ( – PT Supreme Energy targets to start the construction of Muara Laboh geothermal power plant project this year once the financial closing is done to support the project. The project is located in South Solok, West Sumatera.

Ismoyo Argo, senior manager for business relation of Supreme Energy, said the company is in the process of securing financing (financial closing) to fund the project development.

“We are in the process of preparing financign for the project. It is expected the construction can be started in 2017,” Ismoyo was quoted by Kontan as saying.

Supreme Energy is currently developing three geothermal power plant projects, namely PLTP Muara Laboh with installed capacity of 80 MW, PLTP Rajabasa 220 MW and PLTP Rantau Dadap with installed capacity of 86 MW. They are still in exploration stages.

As for PLTP Muara Laboh, Supreme energy has signed power purchase agreement (PPA) with PLN with electricity price of USD0.13 per kWh, up from USD0.088 per kWh previously.

Supreme Energy has begun exploring the Muara Laboh WK since 2008, starting with a survey. So far, the company has drilled a number of wells, with geothermal energy potential of 80 MW, below initial project of 220 MW.

The total investment to develop the project is estimated to reach US$130 million.

Meanwhile, Supreme Energy is also developing PLTP Rantau Dedap through its unit PT Supreme Energy Rantau Dedap (PT SERD). SERD is jointly owned by PT Supreme Energy (Indonesia), GDF Suez Energy International (French) and Marubeni (Japan).

PLTP Rantau Dedap plans to invest around US$700-800 million to develop PLTP Rantau Dedap. (*)

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