Medco Power upbeat about nine big projects
Bareksa • 02 Apr 2014
Seorang petugas berjalan dikawasan PLTG Muara Tawar, Bekasi, Jawa Barat, Senin (17/3) (ANTARA FOTO/Muhammad Adimaja)
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.