ABOUT US
OVERVIEW
OVERVIEW
Medco Power is a leading clean Independent Power Producer (IPP) and Operation & Maintenance (O&M) service company, committed to delivering reliable, efficient, and sustainable energy solutions. As a subsidiary of MedcoEnergi (MEDC-IDX), the Company plays an active role in Indonesia’s energy transition through a diversified portfolio of clean and renewable power assets.
In 2025, the Company recorded IPP Installed Capacity of 1,011 MW and power sales of 4,371 GWh through its Gas to Power, Geothermal, Solar PV, and other Renewables assets across Indonesia. The Company supplies electricity to the national grid through state owned utility PLN, serves captive industrial customers, and provides O&M services. Since 2020, Medco Power has also partnered with Kansai Electric Power Company on several Gas to Power and O&M projects, reinforcing its operational excellence and international collaboration.
Medco Power places the highest priority on the safety and health of its employees. In 2025, the Company recorded zero lost time incidents and achieved a 30% reduction in Tier 3 process safety events. At the same time, Medco Power is also committed to the task of capturing long-term growth arising from an estimated 3,600 GW of renewable energy potential in Indonesia, and the growing independent power producer market.
Medco Power delivered significant milestones in 2025 by bringing various projects to completion. The 35 MW Ijen Geothermal Unit 1 reached its Commercial Operation Date (COD) in February 2025, the 25 MW East Bali Solar PV reached COD in July 2025, and the 109 MW ELB Expansion project commenced operations in November 2025, enhancing system efficiency and capacity to support growingdemand on Batam.
Other significant projects, including Preliminary Survey and Exploration (PSP-E) Bonjol Geothermal and Samosir Geothermal are also well underway. Preliminary exploration of Bonjol Geothermal (60 MW) was completed towards the end of 2025 and subsurface studies of Samosir Geothermal (40 MW) are targeted to be completed in Q1 2026.
OUR FOUR BUSINESS PILLARS
OUR FOUR BUSINESS PILLARS
Medco Power’s business strategy is anchored in its vision to be a Leading Clean IPP and O&M service company of choice for investors, shareholders, partners, employees, and the communities where it operates. Guided by its mission to build long-term value through a portfolio of clean IPP, O&M, and sustainable renewable energy businesses, the Company advances a balanced and disciplined growth strategy. This strategy is implemented through four core business pillars that reinforce operational excellence, portfolio resilience, and sustainable value creation.
Gas to Power
A vital part of Indonesia’s energy mix, the Company operates gas fired plants that deliver reliable and efficient power to the national grid to support energy security and transition.
Geothermal
The Company’s geothermal operations utilise advanced technologies powered by natural heat from beneath the earth’s surface to produce renewable electricity.
Solar PV & Other Renewables
The Company owns and operates solar PV and mini-hydro assets while actively pursuing the development of additional solar PV and wind projects to generate more sustainable and accessible energy from Indonesia’s abundant renewable sources.
Operation & Maintenance
As a dedicated business pillar, the Company provides comprehensive O&M services to ensure reliable, efficient, and high performance power generation assets.
VISION & MISSION
VISION
To be a Leading Clean Independent Power Producer and Operation & Maintenance service company of Choice for investors, shareholders, partners, employees and communities where we operate.
MISSION
To build a long term value with portfolio of clean IPP, O&M and sustainable renewable energy businesses.