Pertamina, Medco Work on 495 MW Geothermal Power Plant

By Editorial Team 03/01/2022
Geothermal
Summary

PT Pertamina Geothermal Energy (PGE) and PT Medco Power Indonesia (MPI) are collaborating to develop a geothermal power plant (PLTP) project in Indonesia as both companies signed the head of agreement (HoA) for a joint study on December 31, 2021. "The signing of this joint study is a follow-up of the collaboration kick of meeting that both parties have carried out to optimize a 495 MW geothermal project development," PGE President Director Ahmad Yuniarto said in a statement.

MPI President Director Eka Satria said both companies would start a joint study on geothermal development projects over the next two years. "This step is part of the transformation of Medco Energi Internasional [MPU's parent company] to shift into electrical and renewable energy projects, especially in the geothermal sector, in line with Indonesia's position as the owner of the largest geothermal reserves in the world," he said.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.