42916-014: SARULLA GEOTHERMAL POWER GENERATION PROJECT

Project Data Sheet (PDS): Overview


Description

SARULLA GEOTHERMAL POWER GENERATION PROJECT The project will develop the steam resources in the Sarulla concession area and construct, operate, and maintain three geothermal power generation units with a total capacity of about 320 megawatts (MW). The units will be powered by steam from production and injection facilities at the Silangkitang and Namora-I-Langit reservoirs, located in North Sumatra. The project will be developed and implemented under a 30-year energy sales contract (ESC) with PLN, a 30-year joint operating contract (JOC) with Pertamina Geothermal Energy (PGE) and a 20-year guarantee from the Ministry of Finance, as stipulated under a business viability guarantee letter (BVGL). The project is intended for base load operation and will include a 14 kilometer transmission line from Namora-I-Langit to a 150 kilovolt (kV) substation to be built by PLN near Silangkitang. The substation will connect power from the generation units to the Sumatra grid through a 275 kV transmission line, to be built by PLN. The project benefits from strong contractual arrangements with creditworthy, investment-grade parties: the Government of Indonesia, rated BB+ by Standard & Poor s (S&P) and Baa3 by Moody s; PLN, rated BB by S&P and Baa3 by Moody s; and Pertamina, rated BB+ by S&P and Baa3 by Moody s. Read More

Country Indonesia
Borrower/Equity Investment Name SARULLA OPERATIONS LIMITED
Project Number 42916-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7397
Approval Date 05 Dec 2013
Closing Date 24 Aug 2018
Geographical Location Sarulla Geothermal Working Area, North Sumatra Province
Sector Energy
Subsector Renewable Energy
Safeguard Categories Environment: A
Resettlement: A
Indigenous People: A

Related News

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Translated PDS

Responsible ADB Officer
Masayuki Kanda
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 2

PDS Creation Date
15 Jun 2010

Last PDS Update
08 Aug 2014

SEARCH/BROWSE PROJECTS