On 14 November 2012, PT Supreme Energy Rantau Dedap, which is the project company of the consortium of Japan’s Marubeni Corp, Indonesia’s PT Supreme Energy, and France’s GDF Suez SA, signed a 30 year power purchase agreement with the Indonesian state-owned electricity utility company PT Perusahaan Listrik Negara (PLN) (Persero).
Rantau Dedap is a geothermal power plant project under the Second 10,000 MW Fast Track Program, which includes 4,000 MW of geothermal power. It follows the Muara Laboh and Rajabasa showcase geothermal projects that were signed earlier in the year.
The project is located in South Sumatra, has a target commercial operation of 2016, a capacity of 220MW, and an estimated value of $900 million.
The Ministry of Finance will issue a Government Guarantee Letter for the project company pursuant to Minister of Finance Regulation No. 139/PMK.011/2011 on PLN’s Business Viability.
Lubis Ganie Surowidjojo represented the Indonesian Ministry of Finance.