INPEX CORPORATION (INPEX) announced it has joined the Rajabasa Geothermal
Project (the Project) in Indonesia through INPEX GEOTHERMAL, LTD. (INPEX
GEOTHERMAL), a subsidiary established for the purpose of conducting geothermal business.
The Project is based in the Rajabasa Geothermal Block in Lampung Province in southeast part of
Sumatra island, Indonesia. ENGIE SA, Sumitomo Corporation and PT Supreme Energy, a private
Indonesian geothermal power generation business developer have until now conducted exploration
activities through an investment in PT Supreme Energy Rajabasa. INPEX joined the Project by
acquiring 31.45% of the shares of PT Supreme Energy Rajabasa held by ENGIE SA through INPEX
GEOTHERMAL.
While the Project is in the exploration stage, surface and geophysical surveys have indicated a
certain potential for geothermal resources. If sufficient geothermal resources are located through
exploration activities to warrant the development of the Project, this is expected to contribute to the
further expansion of INPEX’s geothermal business in Indonesia.
INPEX GEOTHERMAL also opened a representative office in Jakarta, Indonesia on October 10,
2022. INPEX will more actively promote geothermal business in the country and surrounding areas.
INPEX seeks to enhance and emphasize renewable energy initiatives, which are one of the 5 net
zero businesses outlined in the company’s “INPEX Vision @2022” announced on February 9, 2022.
INPEX will accelerate its initiatives aimed at its geothermal power generation business, which can
utilize the technologies cultivated by the company through oil and natural gas development. INPEX
will proactively engage in energy structure reforms towards the realization of a net zero carbon
society while fulfilling its responsibilities for the stable development and supply of energy.
