10 January 2025
Indonesia

SC is participating in the Muara Laboh geothermal power project in West Sumatra, Indonesia (hereinafter the “Project”) through PT Supreme Energy Muara Laboh (hereinafter “SEML”), a joint venture with INPEX Corporation (hereinafter “INPEX”) and PT Supreme Energy (hereinafter “SE”), an Indonesian private power project developer. We are pleased to announce that SEML has signed loan agreements with a syndicate of banks including Japan Bank for International Cooperation (hereinafter “JBIC”) for the expansion of the Project on 10 January 2025.

In this expansion of the Project, a second unit (hereinafter “Unit 2”) will be built on a site adjacent to the existing unit (hereinafter “Unit 1”) which began commercial operation in December 2019, and the generating capacity of the Project will increase to approximately 170 MW – roughly double the current capacity – with estimated total project costs of 70 billion yen.

A long-term power purchase agreement effective until 2052 has been signed with PT PLN, Indonesia’s state-owned power company, and we aim to commence construction in March 2025 and commercial operation in 2027. Once the new unit goes into commercial operation, the Project combining Units 1 and 2 is expected to contribute to supplying electricity equivalent to the power usage of approximately 900,000 households in Sumatra Island, Indonesia. Further expansion of the Project up to 66 MW is also expected in the future.

Muara Laboh Geothermal Power Project