Jakarta, May 6 -- Indonesia has secured Rp8.21 trillion (over US$499 million) in funding from the Asia Zero Emission Community (AZEC) to develop the Muara Laboh Unit 2 Geothermal Power Plant in Solok, West Sumatra.

The agreement was formalized in Jakarta on Monday through a financial close between PT Supreme Energy Muara Laboh and the Japan Bank for International Cooperation (JBIC).

"This geothermal power plant will have a capacity of 88 megawatts, with a project value of nearly US$500 million," said Coordinating Minister for Economic Affairs Airlangga Hartarto after the signing.

The Muara Laboh Unit 2 plant is scheduled to begin commercial operations in 2027. An expansion, Unit 3, with a capacity of 60 MW, is expected to be operationa...