Construction works on the $1.6 billion geothermal power plant in Sarulla, North Sumatra province, are expected to commence by early 2015. The facility, considered to be the largest in the world, will have a generation capacity of 330 MW. Established by Indonesian Medco Power (Medco), the plant will play an important role in the country’s plan to increase its power supply to about 60 GW by 2022. Apart from Medco, some foreign partners will be involved in the implementation of the project, including Japan-based Itochu Corporation and Kyushu Electric Power Company and US-based Ormat International, Inc. A consortium of financial institutions, including Japan Bank for International Cooperation (JBIC), the Asian Development Bank, the Bank of Tokyo-Mitsubishi UFJ Limited, ING Bank NV, Mizuho Bank Limited, the National Australia Bank, Societe Generale SA, and the Sumitomo Mitsui Banking Corporation, have extended financial support of up to $1.17 billion for the project.
