Supreme Energy moving forward on three projects in Indonesia
PT Supreme Energy is advancing on its three projects, Muara Laboh, Rajabasa and Rantau Dedap in Indonesia with its French and Japanese partners.
PT Supreme Energy has announced moving forward on three projects this year, preparing for construction activities. The projects the company has are in the 220 MW Rajabasa the 86 MW Rantau Dedap, and the 80 MW project in Muara Laboh.
In a statement to local media, Leila Rima, Corporate Communications & Relations Officer at Supreme Energy, stated that the company has so far spent Rp 2 trillion $230 million) for the three projects.
The company is funding the early construction on these three projects through internal cash. Entering the phase of engineering, procurement and construction (EPC), Supreme Energy is exploring international bank funding, which currently is under due diligence process.
For the Rajabasa project, a port is currently being developed. Infrastructure is being prepared for the Muara Laboh and Rantau Dedap projects.
The Muara Laboh and the Rajabasa projects are a cooperation with French company Engie (formerly GDF Suez) and Japanese Sumitomo Corp. The PLTP Rantau Dedap project is a cooperation with Engie and Marubeni.
“The target for Muara Laboh is to start exploration next year, while the other two will already see a tender for the EPC part. The company is hopeful that Rajabasa can start operation in 2021.