November 12th, 2012. PT Supreme Energy Rantau Dedap, entered into a Power Purchase Agreement (PPA) with Indonesian state-owned electricity utility Perusahaan Listrik Negara (PLN). The PPA is for the sale and purchase of power from the Rantau Dedap geothermal project in South Sumatra and will be developed under the Independent Power Producer (IPP) scheme.
Signing of PPA marks a key milestone as it defines the contractual rights and obligations of the parties during the exploration phase, construction phase and operation phase – conditions which are necessary to start exploration drilling a...