IPR GDF Suez and partners Supreme Energy and Sumitomo sign 440 MW PPA in Indonesia
IPR-GDF Suez Asia, together with its project partners PT Supreme Energy and Sumitomo Corp sign 30 year PPA for two projects and 440 MW in power generation capacity. It is expected that both projects will start operation in 2016.
Reported last week from Indonesia, project Joint Venture IPR-GDF Suez Asia together with its project partners PT Supreme Energy and Sumitomo Corporation has signed a 30-year PPA for two 220 MW geothermal projects in Indonesia.
The projects are Muara Laboh and Rajabasa and are located on Sumatra Island. They were part of the second fast-track program of the Indonesian government.
The PPA has been a prerequisite for commencing the project into exploratory drilling. If everything goes like planned, both projects are expected to start operation in 2016. IPR-GDF Suez Asia has a 35% interest in both projects.
The government has provided the developing company a government guarantee for the two projects, covering the obligations of the state utility PLN as buyer of the power under the PPA.
IPR-GDF Suez has a several operating assets and is working in another JV with Marubeni Corp. and PT Supreme Energy for another 220 MW geothermal power plant projects, Rantau Dedap in South Sumatra.
Source: Energy Business iQ