The project was a joint venture between the engineering company PT Rekayasa Industri (Rekin), Sumitomo Corporation, the state-owned power company, PT PLN, and PT Pertamina Geothermal Energy. Also, the Asia Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) provided funding for the project. ADB gave $28 million USD, and JBIC gave $36 million USD in funding for the geothermal power plant.
The geothermal power plant will secure electricity to the North Sulawesi province, which also is the host of the 2009 World Ocean Conference in May. The conference will discuss oceans in relation to climage change.
Read the full story at China View: ADB and JBIC fund Indonesia's geothermal power plant project