PT Medco Power Indonesia was established in 2004 as an Independent Power Producer (IPP) and provider of Operation and Maintenance (O&M) services. Currently, Medco Power owns and operates more than 3,100 MW, spread across 15 locations in Indonesia.
Medco Power, through its subsidiary, PT Medco Ratch Power Riau (MRPR), was appointed as the winner of a tender for the Riau 275 MW CCPP project in Pekanbaru,Riau. The power purchase agreement was signed in April 2017, followed by the issuance of PLN’s Financing Date Declaration in September 2018. Riau CCPP has reached commercial operation in February 2022.
Medco Power is also developing Sumbawa Solar PV project with capacity of 26 MWp. Sumbawa Solar PV is planned to operate commercially starting Q2 2022. Furthermore, Medco Power will develop West and East Bali Solar PV projects with total capacity of 2×25 MWp. In addition, Medco Power has implemented electric vehicles as operational cars in its head office and subsidiaries such as in Riau, Batam and Jepara.
In geothermal sector, Medco Power has completed exploration activities in Blawan Ijen. Ijen is expected to be the first geothermal power plant in East Java Province.
Medco Power has completed transaction to form a strategic alliance with Kansai Electric Power Company to develop gas power plants and O&M services in Indonesia.
Going forward, Medco Power will continue to actively participate in the development of power plant projects, especially in the clean and renewable energy sector.
VISION & MISSION
A leading Clean Power Producer and reliable Operation & Maintenance service company.
- Develop and operate IPP in natural gas, geothermal, other renewable and gas infrastructure facilities.
- Become the leading national company in providing excellent and integrated O&M services for power business.
- Deliver sustainable investment portfolio to our stakeholders.