Jakarta, 5 February 2021 – As part of PT Medco Power Indonesia (“Medco Power”) commitment to continue focusing on expanding its portfolio in the development of clean and renewable energy, Medco Power launches the electric vehicle ecosystem by installing charging station in Energy Building, SCBD area, Jakarta and implementing Medco Power’s EV for operational purpose.
Progressing the business potential of the electric vehicle ecosystem, Medco Power has signed MoU (Memorandum of Understanding) both with PT Perusahaan Listrik Negara (“PLN”) and also with Grab Indonesia. This is also intended to support the government’s program to accelerate the growth of electric vehicles and new renewable energy in Indonesia.
In the virtual launch event opened by Eka Satria as the President Director of Medco Power, also attending Hilmi Panigoro, the President Director of PT Medco Energi Internasional, Wanhar, the Director of Technical and Environmental of Directorate General of Electricity, Ministry of Energy and Mineral Reosurces, Ikhsan Asaad, the Director of Mega Project PLN, Neneng Goenadi, the Director of GRAB Indonesia, Midian Samosir, Group Head Corporate Banking PT Bank Mandiri (“Bank Mandiri”), and Pinohadi G. Sumardi, President Director of Mandiri Tunas Finance.
To further accelerate the development of electric vehicle ecosystem in Indonesia, an MOU was also signed regarding joint implementation with Bank Mandiri and financing plan with PT Mandiri Tunas Finance. At the same occasion, Medco Power also signed a commitment to implement the electric vehicle ecosystem in Medco Power’s subsidiaries in Batam region.
Neneng Goenadi expressed, “We are ready to continue supporting Medco Power in building a battery-based electric motor vehicle ecosystem. We believe that through the ecosystem approach, the electric vehicle initiative will be able to create added value for the national economy while simultaneously creating a greener environment”.
Eka Satria stated that “We are also planning to expand our EV ecosystem and renewable businesses in Batam, Bali, in parallel with our Bali PV 2×25 MW and Sumbawa PV 1×26 MW projects which we are currently developing, followed by other cities in Indonesia.”
In his closing remarks, Hilmi Panigoro mentioned that this EV ecosystem initiative can become a catalyst in accelerating the growth of EV industry in Indonesia, which ultimately supports government’s program and gives positive impacts for environment and society.