PT Supreme Energy Rantau Dadap has finally secured a loan worth US$540 million from Japan Bank for International Cooperation (JBIC), Asian Development Bank (ADB) and a group of major commercial banks from Japan to fund the first phase of Rantau Dedap geothermal power plant.
ENGIE, which is part of the shareholder of Rantau Dadap geothermal project, said the loan agreement has been signed on Friday (23/3), paving the way for the joint venture company to develop the Rantau Dedap geothermal project, located on Sumatera Island.
The first phase of the power plant, with an installed capacity of 98.4 MW is scheduled to start operation by in 2020, or three years since the financial closing is reached.
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