Sumitomo Corp. Signs 3 Billion Yen Deal to Construct Geothermal Plant in Indonesia.Tokyo, Japan, Oct 19, 2005 - (JCNN JCNN Japan Corporate News Network ) - Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group. has concluded a 3 billion yen ($26 mil) turnkey contract with the Indonesian power provider PT. PLN PLN In currencies, this is the abbreviation for the Polish Zloty. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. (Persero) for the construction of a Lahendong II geothermal power plant in Lahendong, Northern Sulaweshi. The main steam turbines and generators will be built and delivered by Fuji Electric Systems, the world's leading turbine maker. Scheduled for completion in June 2007, the plant will have a total power generation capacity of 20MW. Financed by a fund for renewable energy from the Asian Development Bank Asian Development Bank A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries. , this is the first geothermal project under Rakun, Indonesia's national electricity utilization initiative that forecasts the country's geothermal electricity output will leap from the current 800MW to 1,500MW by 2015. Both companies have already completed jointly two other geothermal power generation projects in Indonesia. One of them build the world's largest plant with a power generation capacity of 110MW. Source: JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) http://www.japancorp.net Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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