$117m investment announced for project in West Sumatra, Indonesia
The international joint venture for the 55 MW Muara Laboh in West Sumatra, Indonesia has announced an investment of $117 million and start of development.
As reported form Indonesia, PT Supreme Energy Muara Laboh, a joint venture of IPR-GDF SUEZ Asia and Sumitomo Corporation, has agreed to invest $116.67 million in the construction and development of Liki Pinangawan Muaralaboh geothermal power plant phase I situated in Solok Selatan Regency, Pauh Duo Subdistrict, West Sumatra Province , Indonesia .
The total installed capacity of the geothermal power plant will be 55 MW. The investment per MW will be $2.11 million . The costruction of the gerothermal power plant has been started on July 05, 2015 and is expected to be completed in mid 2018. The power generated from the geothermal power plant will be sold to PT PLN (Persero), the Indonesian state-owned electricity utility, under a 30 year power purchase agreement.
Source: RenewablesBiz