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Medco Power Awarded Samosir Geothermal Site in Sumatra, Indonesia

2024-10-09 16:02

Wedoany.com Report-Oct 09, Medco Power Indonesia has been awarded preliminary survey and exploration rights for the Samosir PSP-E (Assignment of Geothermal Preliminary Survey and Exploration) located in North Sumatra, Indonesia. The award was presented by the Ministry of Energy and Mineral Resources during the 10th Indonesia International Geothermal Convention & Exhibition held in Jakarta.

“This award aligns with our commitment to providing clean energy solutions with attractive rates of return,” said Eka Satria, President Director of Medco Power. “We aim to increase our renewable energy mix to at least 30% by 2030.”

“Growing our renewable portfolio is a key part of our climate strategy. We are committed to achieving net zero emissions for scope 1 and scope 2 by 2050 and net zero for scope 3 by 2060, supporting Indonesia’s goal of net zero emissions by 2060,” added Roberto Lorato, CEO of MedcoEnergi.

Strategically located close to the Sumatra power distribution network, the Samosir PSP-E is estimated to have a geothermal power potential of up to 40 MW. Samosir was one of seven geothermal sites that were awarded during the recent IIGCE.

Medco Power is also developing the Ijen geothermal power project in East Java under Medco Cahaya Geothermal, which is co-owned by Ormat Technologies. The 34-MW Phase 1 development of Ijen is expected to start commercial operations by the end of 2024.

Asia Indonesia Geothermal Energy

Geothermal

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