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Medco Power upbeat about nine big projects
Medco Power has secured funding from state lender Bank Mandiri for the development of its Batam plants
Bareksa•02 April 2014
Bareksa•02 April 2014
Medco Power has secured funding from state lender Bank Mandiri for the development of its Batam plants
The Jakarta Post - Power producer PT Medco Power Indonesia, controlled by Jakarta-listed PT Medco Energi Internasional and PT Saratoga Power, is set to pour US$1.3 billion into nine massive expansion projects.
The nine projects are a 3x110 megawatt (MW) Sarulla geothermal power plant in North Sumatra; two thermal power plants in Batam, Riau Islands, with a capacity of 30 MW and 70 MW; five mini-hydro power plants in West Java; and a 110 MW geothermal power plant in Ijen, East Java.
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