PT Medco Power Indonesia through its subsidiary PT Medco Ratch Power Riau (MRPR) has appointed Lotte Engineering & Construction (LEC) as an engineering, procurement and construction contractor for the Riau 275 MW Combine Cycle Power Plant (CCPP) on August 20, 2018. MRPR is a consortium of PT Medco Power Indonesia and Thailand power company, Ratchaburi Electricity Generating Holding PCL.
The declaration of financial close with PLN has been achieved on August 23, 2018. MRPR has obtained SKKLH for power plant area from the Major of Pekanbaru City and issued NTP to LEC at the end of November 2018 to start the site preparation. The Riau CCPP which valued at US$ 290 million will be built in the development plan area of Tenayan Industrial Estate, Pekanbaru City. This power plant is expected to start operating in the 2nd quarter of 2021. Currently, this CCPP 275 MW project is part of the National Strategic Project of the Government of the Republic of Indonesia which located in Riau Province.
Eka Satria, President Director of Medco Power Indonesia said that the power plant is expected to increase the electricity supply by 275 MW to Sumatera power grid and can support in fulfilling the target of electrification improvement in Riau region. This is also in line with Medco Power Indonesia's vision to become the clean Independent Power Producer (IPP) and reliable Operation & Maintenance (O&M) services company of choice with a mission to develop and operate IPP in natural gas, geothermal and other renewable and gas infrastructure facilities.