Supreme Energy Rantau Dedap (SERD) announced today that SERD fulfilled all conditions precedent and reached financial closing allowing the first drawdown under the USD 50 million facility agreement, provided by The Asian Development Bank (ADB) supported by the Clean Technology Fund, for the Rantau Dedap Geothermal Project in Indonesia.
The Rantau Dedap Project is located in South Sumatra. During the initial phase, the project will be conducting the geothermal resource exploration involving the civil infrastructure construction, drilling and testing of wells. SERD expects to complete explorati...