Marubeni’s Indonesia Geothermal Venture Signs Power Supply Pact

A joint venture between Marubeni Corp. (8002), Indonesia’s PT Supreme Energy and GDF Suez (GSZ) SA of France signed a 30-year contract to sell geothermal power to PT Perusahaan Listrik Negara, Indonesia’s state-owned utility.

The venture will develop a 220 megawatt plant in the South Sumatra province and operation is scheduled to start in 2016, Marubeni, a Japanese trading company, said in a statement today.

The venture plans to procure the main equipment for the $900 million project from Japanese companies and secure funding through project finance with the assistance of international commercial banks and export credit agencies such as Japan Bank for International Cooperation, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.