The Sarulla Geothermal IPP Project
In Indonesia’s Sarulla region in North Sumatra, one of the world’s largest geothermal power projects (net capacity of 320.8 MW by three units) is under way by Sarulla Operations Ltd.
(SOL), which was jointly established by ITOCHU Corporation, Kyushu Electric Power Co., Inc., INPEX Corporation, PT. Medco Power Indonesia, and Ormat Technologies, Inc. (USA).
In 2013, SOL signed a 30-year long-term power purchase agreement with Indonesia’s state-owned electricity company, and began the construction of a power plant and steam field drilling, of which commercial operation of the first unit commenced on March 18, 2017.
With ongoing construction, the second unit is set to achieve commercial operation in 2017, followed by the third in 2018.
Indonesia stands out as the home of one of the world’s largest geothermal reserves and the Indonesian government is aggressively promoting its development as a strategic source of electricity. Amid growing infrastructure demand around the world, ITOCHU continues to promote investments in business opportunities which make contributions to the economic development of emerging countries with due consideration paid to environmental protection and local communities.