Inpex Corporation, a leading Japanese oil & gas exploration and production firm, announced today that it agreed to take part in the 330-megawatt Sarulla Geothermal Power Project in North Sumatra (Indonesia), the world’s largest single-contract geothermal power project. Inpex Corp acquired a 49 percent stake in a local unit of Medco Power Indonesia. As such, Inpex Corp’s participation in the project is indirect. Parent company Medco Power Indonesia owns a 37.5 percent stake in the Sarulla project.
17 February 2020 (closed)
USD/IDR (13,735) +18.00 +0.13%
EUR/IDR (14,833) +18.07 +0.12%
Jakarta Composite Index (5,867.52) +0.58 +0.01%