PT MEDCO CAHAYA GEOTHERMAL SIGNED A FINANCING AGREEMENT WITH PT SARANA MULTI INFRASTRUKTUR (PERSERO) FOR DEVELOPMENT OF IJEN GEOTHERMAL PROJECT
JAKARTA, January 11th, 2023 – PT Medco Power Indonesia (“Medco Power”), through its subsidiary, PT Medco Cahaya Geothermal (“MCG”), signed a Financing Agreement with PT Sarana Multi Infrastruktur (Persero) (“SMI”) for the development of Ijen, a Geothermal Power Plant (“PLTP Ijen”). The first phase of the development is expected to generate 34 MW in 2025. …
