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.
16 September 2019 (closed)
USD/IDR (14,080) -20.00 -0.14%
EUR/IDR (15,582) +54.71 +0.35%
Jakarta Composite Index (6,219.44) -115.41 -1.82%