PT. Medco Power Indonesia (MPI) is owned by Saratoga Power and Medco Energi Internasional Tbk ( MEI ),Medco Energi Internasional is the largest national listed energy company in Indonesia. Active world wide in exploration and production of Oil & Gas as well as the downstream businesses. Saratoga Capital is the largest Indonesia investment funds with ownership in Coal Mining, Power Generation, Foods, and Airlines Business.
Established in 2004, Medco Power owns and operates two gas-fired power plants in Batam: Panaran I and Panaran II, two gas fired plants in Palembang, South Sumatera : Energi Prima Elektrika and Multidaya Prima Elektrindo. The Company also owns a minority share in Sengkang gas-fired power plant in South Sulawesi and acquired a long-term operations & maintenance contract for 1,320 MW Tanjung Jati B coal-fired power plant in Jepara, Central Java, has proven itself as a reliable power project developer over a short period of time.
With the current energy situation of disparity in energy reserves availability, consumption and infrastructure, Medco Power strives to fill the gap by developing other cleaner and renewable energy sources such as geothermal despite the use of gas as a cleaner energy fuel source. In 2006, the Company was awarded the development of the world's largest single geothermal contract in Sarulla, North Sumatera. Then, MPI is also appointed to work on 110 MW Ijen Geothermal Power Plant.
Medco Power expands' its business into broader spectrum of power industries. Within the next five years, while still focusing on small to medium IPP in domestic as well as international markets, the Company among others will triple its capacity through acquisition of power projects and development of green field projects. With a strong business core, the Company expands its capabilities in power project infrastructure and other related areas.
Our excellent performance as reflected in our financial achievement - and also our endeavor to improve our future performance makes Medco Power the Strategic Partner of Choice to responsible power business.
Our Lean, Highly Efficient Organization
The Company believes that human resource is the greatest asset for success. Our organization is kept lean with a small number of key players and highly experienced and professional staffs equipped to support business.