Tata-Origin consortium wins Indonesian geothermal project

A Tata and Origin Energy-led consortium became the successful bidder for the Sorik Marapi geothermal project.

Tata Power and Origin Energy each has 47.5 percent of the consortium. PT Supraco Indonesia owns the remaining five percent.

The Sorik Marapi project in Northern Sumatra, Indonesia is estimated to support the development of approximately 240 MW of geothermal generation capacity. The project will be developed by PT Sorik Marapi Geothermal Power, a Special Purpose Vehicle formed by the Consortium. The Consortium would undertake a detailed exploration programme over the next 18 months. The expected Commercial Operation Date for the project is June 2015.

“Tata Power is happy that its efforts to explore new avenues in the renewable space is moving on a steady path and in the right direction. Tata Power has a strong mission to achieve at least 25% of its generation portfolio through renewable sources of energy by 2017, geothermal energy being one of the prime renewable growth engines, said Prasad R. Menon, Managing Director of Tata Power.

Origin’s Executive Director, Finance and Strategy, Ms. Karen Moses added, “The Joint-Venture is consistent with Origin’s strategy of pursuing exploration opportunities for energy resources near growing markets. This joint venture is reflective of our belief that geothermal can provide large scale renewable base load energy.”