Commercial Operation of the Rantau Dedap Geothermal Power Project Commences

Marubeni Corporation (“Marubeni”) is pleased to announce that PT. Supreme Energy Rantau Dedap (hereinafter, “SERD”), which is owned by Marubeni, ENGIE S.A., PT. Supreme Energy, and Tohoku Electric Power Co., Inc., commenced commercial operation of the Rantau Dedap Geothermal Independent Power Project (hereinafter, “Project”), located in the Republic of Indonesia (hereinafter, “Indonesia”) on December 26, 2021.

SERD has constructed a 98.4MW power plant in South Sumatra Province of Indonesia, and all the generated power from the plant will be dispatched to PT. PLN (Persero) (hereinafter, “PT. PLN”) under a 30-year power purchase agreement.

The Government of Indonesia, according to its Electricity Supply Business Plan (RUPTL), intends to increase renewable energy up to 23% by 2025. Furthermore, with its goal to diversify it power generation sources Indonesia is focusing on futher development of its abundant geothermal resources.

Marubeni owns stakes in power projects across 21 countries (including Japan) for a total net capacity of about 12GW. Also, as part of the company’s activities for enhancing sustainability, Marubeni issued the Notification Regarding Business Policies Pertaining to Sustainability in Relation to Coal-Fired Power Generation Business and Renewable Energy Generation Business in September 2018, and put out the Marubeni Long-Term Vision on Climate Change in March 2021 for the purpose of contributing to solving global climate change. Through this Project, Marubeni will strive to contribute to the supply of stable electricity in Indonesia, and with its extensive experience will further expand its business in the renewable energy sector.