ENGIE builds in Indonesia its first geothermal power generation plant in the world

ENGIE builds in Indonesia its first geothermal power generation plant in the
world

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 percent 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 percent by 2030.

Geothermal energy is a renewable, non-intermittent and eco-friendly source
of energy that is both efficient and economical, using the heat coming from
deep underground either for heat, power generation or even air-conditioning.
ENGIE is a leading producer and supplier in Europe of geothermal energy for
heating and cooling of residential or commercial facilities, using various
sources from deep hot aquifers to marine geothermal, through shallow
geothermal coupled with underground thermal energy storage.

Jan Flachet, chief executive cfficer, ENGIE Asia-Pacific said: "With 40
percent of the world's geothermal reserves in Indonesia, the potential of
this energy source is tremendous. Our partnership in the Muara Laboh
geothermal project is fully in line with our Group's strategy to be a leader
of the energy transition in the world, notably focusing on renewable
energies."

ENGIE is part of the PT Supreme Energy Muara Laboh with the Japanese trading
and investment company Sumitomo Corporation and the Indonesian geothermal
power developer, PT Supreme Energy. The consortium was awarded the tender
for the 220 MW Muara Laboh geothermal project concession in 2010.

The US$ 440 Million financing agreement was signed by PT Supreme Energy
Muara Laboh consortium with the Japan Bank for International Cooperation,
the Asian Development Bank and a set of commercial banks under a guarantee
from Nippon Export and Investment Insurance, to support clean energy
development in Indonesia.

ENGIE has been present in Indonesia for over 60 years. Muara Laboh is the
first renewable project of the Group in the country. The Group employees are
committed to contributing to the sustainable development of one of the
world's fastest-growing economies, through increasing energy supply with
natural gas and renewable power (geothermal, solar, biogas), as well as
improving energy efficiency and providing solutions to the challenges of
rapid urbanization.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.ceasiamag.com/2017/03/engie-builds-indonesia-first-geothermal-pow
er-generation-plant-world/

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com