Inpex to Participate in Geothermal Power Project in Indonesia

(Bloomberg) — Inpex Corp. will take part in a 330-megawatt
geothermal power project in Indonesia under construction by
Japanese, Indonesian and U.S. companies.

The Sarulla project on the island of Sumatra is being
developed by Kyushu Electric Power Co., Itochu Corp., PT Medco
Power Indonesia, and Ormat Technologies Inc.

Inpex has acquired 49 percent of a unit of Medco, which
controls 37.25 percent of the project, Inpex said in a statement
Wednesday. No financial terms were disclosed.

The station will start running in 2016 before reaching full
capacity by 2018, according to the statement.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Iain Wilson, Indranil Ghosh

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