PT Medco Power
Company description
Medco Power is a subsidiary of the Medco Group, a prominent Indonesian conglomerate with interests in various industries, including energy, natural resources, and finance. Medco Power is primarily focused on the development, operation, and management of power generation projects. It is involved in various types of power generation, including conventional thermal power, renewable energy (such as geothermal, hydro, and solar), and other energy-related projects. The company has a notable presence in the renewable energy sector, particularly in geothermal power generation.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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January 10, 2024
USD 126 million funding approved to finance geothermal project in Indonesia
The U.S International Development Finance Corporation has approved a USD 126 million loan to finance a 31.4 MW geothermal project in East Java, Indonesia. The plant is expected to provide electr...
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March 30, 2022
Solar Philippines, Medco Energie sign PPA for 50 MW solar project in Bali
Solar Philippines (SP) and its joint venture partner Medco Energi Inc. have signed a power purchase agreement (PPA) with PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned power provider, for...
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May 28, 2019
MedcoEnergi closes its acquisition of Ophir Energy
PT Medco Energi Internasional Tbk announced the completion of the acquisition of Ophir Energy plc2 in a recommended all-cash offer valued at GBP408.4 million (US$517.17 million). Ophir operates acros...
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October 11, 2017
Indonesian Medco acquires 78% of Saratoga Power
PT Medco Energi Tbk (MEDC) has agreed to acquire 77.68% shares of PT Saratoga Power. PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the sellers for the acquisition of 784,...
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April 19, 2017
Medco and Ratchaburi sign Riau gas-fired PPA
Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) announced its successful expansion into Indonesia by awarding the natural gas-fired combined-cycle Riau power plant with 275-MW...
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December 15, 2016
Pertamina, Marubeni, Sojitz team win US$2 billion Java-1 power plant contract
Pertamina-led consortium has secured first place in the bidding for US$2 billion contract for 1.6 GW power plant Java-1. The plant will be located in West Java, Indonesia.
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April 04, 2016
Ratchaburi Electricity and Medco Power to bid for Indonesian power project
Ratchaburi Electricity Generating Holding, a value-oriented integrated energy company in Asia-Pacific, alongside the Indonesian firm Medco Power, a subsidiary of Medco Energi Internasional, are planni...
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December 04, 2015
MedcoEnergi signs $200 million refinancing for Senoro Upstream Gas Block
PT Medco Energi Internasional Tbk, through its subsidiary PT Medco E&P Tomori Sulawesi, has signed a Term Facility Agreement on November 24, 2015 to refinance an upstream gas operations in Senoro Fiel...
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September 25, 2015
Aboitiz Power to co-develop geothermal project in Indonesia
Aboitiz Power Corporation has recently said in a disclosure to the Philippine Stock Exchange that it has secured a deal to co-develop a 110-megawatts (MW) geothermal plant with PT Medco Power Indonesi...
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June 12, 2015
INPEX acquires stake in Indonesian geothermal projects
INPEX Corporation has agreed with a consortium of Japanese, Indonesian and US companies to indirectly participate, by acquiring 49% of an affiliate of PT Medco Power Indonesia, in the 330 MW Sarulla...
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