Sarulla geothermal project to start next year
Construction of the 340-MW Sarulla geothermal power plant in Tapanuli, North Sumatra, will start in 2009, Asia Pulse reported Monday (3/3/08).
First phase construction will be for a 110 MW capacity plant, said Hilmi Panigoro, president of PT Medci Energi Internasional, which owns the project jointly with Itochu Corp., Kyushu Electric Power Inc. and Ormat International Inc.
Construction of the entire project, which will cost around $800 million, will take around three years, Panigoro told the newspaper Investor Daily.
Medco as the largest shareholder with 37.5% will set aside $90 million for the project, Panigoro said, adding financial closing will be in the last quarter of this year.
The project could still be expanded to have a capacity of 1,000 MW with an estimated investment of $2.4 billion, he said.
First phase construction will be for a 110 MW capacity plant, said Hilmi Panigoro, president of PT Medci Energi Internasional, which owns the project jointly with Itochu Corp., Kyushu Electric Power Inc. and Ormat International Inc.
Construction of the entire project, which will cost around $800 million, will take around three years, Panigoro told the newspaper Investor Daily.
Medco as the largest shareholder with 37.5% will set aside $90 million for the project, Panigoro said, adding financial closing will be in the last quarter of this year.
The project could still be expanded to have a capacity of 1,000 MW with an estimated investment of $2.4 billion, he said.