Jakarta, 25 October 2021 – Medco Power with Consortium partners, PacificLight Power Pte Ltd (PLP) and Gallant Venture Ltd, a Salim Group company, will develop a pilot Solar Power Import Project from Indonesia to Singapore at Pulau Bulan Island, Kepulauan Riau Province following the award of an in-principle import license…
Jakarta, 20 March 2019 – PT Medco Power Indonesia (Medco Power), through its subsidiary, PT Medco Ratch Power Riau (“MRPR”) signed a loan agreement of 20 year tenor loan amounting USD 222 million with international financing lenders consortium which consists of Asian Development Bank (“ADB”), International Finance Corporation (“IFC”), MUFG…
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…
PT Medco Power Indonesia won “The Best Clean and Renewable Energy Company” award at Best Electricity Award (IBEA) 2018 on the awarding and ceremony night which took place on November 15, 2018, at Birawa Assembly Hall, Hotel Bidakara Jakarta. The Indonesia Best Electricity Award 2018 has been successfully given awards…
Jakarta, July 5th 2018 – PT Medco Power Indonesia, (“MEDP” or “the Company” ), a subsidiary of PT Medco Energi International Tbk (www.medcoenergi.com ) engaged in the power sector, today listed its first Medco Power Indonesia I Bond and Medco Power Indonesia I Sharia Compliant Bond (sukuk wakalah) for Rp1,200,000,000,000…
Jakarta, May 22nd 2018 – PT Medco Power Indonesia, (“MPI” or “the Company” ), a subsidiary of PT Medco Energi International Tbk engaged in power business, is pleased to announce its intention to issue a bond and a sharia compliant bond (“Sukuk Wakalah” ) at an Investor Gathering and Due…
Two of PT Medco Power Indonesia’s subsidiaries, Mitra Energi Batam (MEB) and Sarulla Operation LTD (SOL) win the award at Best Electricity Award (IBEA) 2017. On the awarding and ceremony night of IBEA 2017, which took place on November 23, at Bidakara Hotel, MEB was awarded as The Best Power…
PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) announces that it has acquired a 77.68% interest in PT. Saratoga Power from Saratoga and other shareholders. With this transaction, the Company has increased its effective interest in PT. Medco Power Indonesia ("MPI”) from 49% to 88.62%. The remaining 11.38% effective…
“I believe that if our body is healthy, our brain will be healthy too. Therefore we can work and perform better. Running is also the cheapest sport. So, it’s cheap and healthy,” said President Director of Medco Power Indonesia, Fazil Erwin Alfitri, about the participation of Medco Power Indonesia in…
PT. Medco Power Indonesia (MPI) again shows their concern and contribution to the society through their CSR (Corporate Social Responsibilty) activity. Through one of its subsdiaries, Medco Geothermal Sarulla (MGS), Medco Power Indonesia establishes a library in SD Negeri Lumban Gaol, Pahae Julu, Northern Tapanuli district, North Sumatera. The location…
PT Medco Power Indonesia continues to improve electricity supply as part of its commitment in supporting the government with its 35,000 MW electricity program for Indonesia. Through one of its subsidiaries, PT Bio Jatropha Indonesia (BJI), Medco Power Indonesia has just started the commercial operation of mini hydro power plant…
PT Medco Power Indonesia, (“MPI”) as a member of consortium Sarulla Operations Ltd (“SOL”) together with INPEX Geothermal Sarulla Ltd, Ormat International Inc., ITOCHU Corporation, and Kyushu Electric Power Co ready to operate the Sarulla Geothermal Power Plant with a capacity of 110 MW located in Tapanuli, North Sumatera. This project…
Medco Ratch Power Riau and PLN signs a Power Purchase Agreement for an Independent Power Producer of the 275 MW Gas Fired Power Plant in the province of Riau PT Perusahaan Listrik Negara (“PLN”) and the PT Medco Ratch Power Riau (“MRPR”); - which is the consortium company of…