Marubeni Corporation (hereinafter, “Marubeni”) is pleased to announce that PT. Supreme
Energy Rantau Dedap (hereinafter, “SERD”), which is owned by Marubeni, ENGIE S.A., PT.
Supreme Energy, and Tohoku Electric Power Co., Inc., signed a loan agreement for
limited-recourse project financing in March 2018, and initiated construction of its
geothermal power plant for the Rantau Dedap Geothermal Independent Power Project
(hereinafter, “IPP”), located in the Republic of Indonesia (hereinafter, “Project”) in April
This loan agreement took the form of co-financing supported by the Japan Bank for
International Cooperation, the Asian Development Bank, Mizuho Bank Ltd., Sumitomo
Mitsui Banking Corporation, and MUFJ Bank., Ltd.
The loan of commercial banks in Japan
uses the insurance of Nippon Export and Investment Insurance Co., Ltd.
SERD will construct a 98.4MW power plant in the South Sumatra province of Indonesia,
and all generated power will be dispatched to PT. PLN (Persero) (hereinafter, “PT. PLN”)
under a 30-year power purchase agreement. The consortium of PT. Rekayasa Industri (as
civil engineering & construction contractor) and Fuji Electric Co., Ltd (as turbine and
generator supplier) were engaged in the construction of the highly efficient geothermal
power plant; the two companies combined the use of high-quality Japanese equipment with
extensive experience in geothermal power plant construction in Indonesia.
The Republic of Indonesia is aggressively promoting the development of renewable energy,
and according to its electricity supply business plan (RUPTL), intends to increase
renewable energy up to 23% of its entire generation capacity by 2025. Furthermore, with its
goal to diversify its power generation sources, Indonesia is focusing on further development
of its abundant geothermal resources.
Through the development of this Project, Marubeni will strive to contribute to the supply of
stable electricity in Indonesia, and with its extensive experience will further expand its IPP
business in the renewable energy sector.