PT Medco Sarulla Geothermal Plant

Project Information
Country: Indonesia Location: Northern Sumatra
Technology: Geothermal Development stage: Pipeline
Status: Under development Number of system(s): 3
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, own, and operate
Contract period (years): 30 Termination year: 2036
Main revenue source(s): PPA/WPA payments Contract award method: Competitive bidding
Bid criteria: Not Available Number of bids: ..
Renewal contract award method: Not Applicable Renewal bid criteria: Not Applicable
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company:
Publicly traded: No Stock market: N/A
Type of government support: ..
PPP project: Yes Related infrastructure by government:
PPP part of public project: No Key features of guarantee:
Key features to support revenue/reduce cost: PPA with State owned Utility at 7 cents/kwh. Financial policy support to geothermal projects include; a seven-year income tax holiday and tax exemptions for the carbon credits generated from renewable energy sources; A 10% corporate income tax, and a 1.5% realty tax cap on original cost of equipment and facilities to produce renewable energy. Total cost of public project:
PPP type: Services contracted by the government Concession period type: Fixed concession Period
Banks/funds involved (depth financing): Bank of Tokyo, Misubishi, Mizuho, Soc Gen, ING, JICA
Commissioning date: 2016 Project grid:
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
Itochu Corporation 25 Japan
Kyushu Electric Power Corp. 25 Japan
PT Medco Energi International Tbk 28 Indonesia

Project Investment History (proposed investment listed for pipeline projects)

Year % private Payment commitments to the government * Investment commitments in physical assets Capacity Type Government cash subsidy commitments
2012 100 .. 1,570 340 MW ..

Multilateral Support Details

No details available

Funding Details

Funding year Private debt funding Capital grants Government funding Local public bank funding Donor funding Debt equity grant ratio Private equity funding
2012 410 .. 85 .. 600 75/25 310