Indonesia: building our first geothermal power generation plant in the world!
News
We have reached the financial closing for phase I of the Muara Laboh geothermal project in Indonesia, our first high temperature geothermal power generation plant in the world. With commissioning planned in 2019, this first phase will generate 80 MW of emission-free electricity, the equivalent of the energy consumption of around 120,000 households.
Through our subsidiary Storengy, we have all the drilling and underground expertise to manage such projects. With construction expected to commence this year in the Solok Selatan region in West Sumatra province, the project will provide employment opportunities to 1,200 people and support local businesses during the 30-month construction period.
Indonesia has around 40% of the world’s geothermal reserves, estimated at 28,000 MW, making it an important resource for the country to achieve its commitments to reduce carbon emissions by 29% by 2030.