INPEX acquires stake in Rantau Dedap geothermal project, Indonesia
Japanese exploration and production company INPEX has acquired a 27.4% stake in the Rantau Dedap geothermal power project in South Sumatra, Indonesia.
Japanese oil and gas company INPEX through INPEX Geothermal Development Co. Ltd. has acquired a 27.4% stake in PT Supreme Energy Rantau Dedap, the developer and operator of the Rantau Dedap Geothermal Power Plant in South Sumatra, Indonesia.
PT Supreme Energy Rantau Dedap is a joint venture of PT Supreme Energy, ENGIE S.A., Marubeni Corporation, and Tohoku Electric Power. It was reported that INPEX acquired the issued shares from ENGIE.
The Rantau Dedap Geothermal Power Plant started commercial operations on December 2021. It has 91.2-MW net power generation (98.4-MW gross) across two units. Power from Rantau Dedap is being sold to state-owned PT PLN under a 30-year power purchase agreement.
The acquisition of stake in Rantau Dedap is in line with the Strategic Vision of INPEX that aims to expand the company’s geothermal activities in Japan and Indonesia. Earlier this year, the company announced plans to secure 1000 to 2000 MW of installed power generation capacity mainly from offshore wind and geothermal facilities.
In 2021, INPEX had also acquired a 33.333% share in the Muara Laboh Geothermal Power Project from PT Supreme Energy Sumatera. The Muara Laboh Geothermal Power Plant has a rated output of 85 MW and has been in commercial operations since December 2019.