Sarulla

MPI, together with partners Itochu, Ormat and Kyushu Electric (Sarulla Consortium), are currently in the final phase of an Energy Sales Contract (ESC) negotiation with PLN, as well as the negotiation with PT Pertamina Geothermal Energy (PGE) for a Joint Operating Contract (JOC). The Sarulla Consortium is also awaiting the decision by the Government of Indonesia regarding the asset transfer from PGE to the consortium during the project financing period. The Sarulla Consortium will develop geothermal power generating plants with a total capacity of 330 MW to be built in three phases. The Commercial Operation Date (COD) of the first 110 MW unit is slated for 2016, while the remaining two units, each of 110 MW capacity, will be finished in 2017 and in 2018, respectively.