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March 29, 2015 7:39 AM ET

Company Overview of Sarulla Operations Ltd

Company Overview

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Indonesia

Key Executives for Sarulla Operations Ltd

Sarulla Operations Ltd does not have any Key Executives recorded.

Sarulla Operations Ltd Key Developments

Sarulla Operations Ltd Signs Joint Operating Contract and Energy Sales Contract for the 330 Mw Sarulla Geothermal Power Project in Tapanuli Utara, North Sumatra in Indonesia

Ormat Technologies, Inc. announced that Sarulla Operations Ltd. has signed a Joint Operating Contract and Energy Sales Contract for the 330 MW Sarulla geothermal power project in Tapanuli Utara, North Sumatra in Indonesia. Ormat participation in this project includes two roles. Ormat designed the plant and will supply its Ormat Energy Converters to the power plant. In addition, Ormat, through its subsidiary Ormat International, Inc., holds a 12.75% equity stake in SOL, which owns and operates the Sarulla project. Other members of the consortium that owns SOL include Medco Energi Internasional Tbk; Itochu Corporation; and Kyushu Electric Power Co. Inc. Under the JOC, PT Pertamina Geothermal Energy, the concession holder for the project, has provided SOL with the rights to use the geothermal field and under the ESC PT PLN, the state electric utility will be the off-taker at Sarulla for 30 years. The Sarulla project is the contract geothermal power project to capitalize on the large scale potential of highly productive Indonesian geothermal resources. The project will be implemented in three phases of 110 MW each, utilizing both steam and brine extracted from the geothermal field to increase the power plant's efficiency. The Ormat technology was selected for this project as it's maximize the efficient use of varied composition of geothermal fluid, which in this case includes steam, brine and gases. In addition Ormat's technology allows practically 100% reinjection of the geothermal fluid back into the reservoir, maintaining the sustainability of the geothermal resource thus increasing power and mitigates the negative effect of gases.

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