August 19, 2017 3:39 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of PT. Medco Power Indonesia

Company Overview

PT. Medco Power Indonesia owns and operates gas-fired power plants in Batam Island and Palembang. The company develops and operates small-to-medium size independent power projects in Indonesia; and provides power project services with business activities, including operating and maintenance power plant services, as well as project engineering, procurement, and construction. It focuses on small to medium independent power producers in domestic and international markets. The company was founded in 2004 and is based in Jakarta, Indonesia. PT. Medco Power Indonesia operates as a subsidiary of Pt Saratoga Power.

The Energy 50th floor

SCBD Lot 11A

Jl. Jenderal Sudirman

Kav. 52-53

Jakarta,  12190


Founded in 2004


62 21 2995 3300


62 21 2995 3301

Key Executives for PT. Medco Power Indonesia

President Director
Age: 51
Chief Financial Officer and Director
Age: 40
Chief Operation Officer and Director
Age: 59
Managing Director
Chief Business Development Officer and Director
Age: 40
Compensation as of Fiscal Year 2017.

PT. Medco Power Indonesia Key Developments

PT. Medco Power Indonesia Presents at 3rd Annual Indonesia Infrastructure Finance Conference, May-17-2017 07:30 AM

PT. Medco Power Indonesia Presents at 3rd Annual Indonesia Infrastructure Finance Conference, May-17-2017 07:30 AM. Venue: Grand Hyatt Jakarta, Jakarta, Indonesia. Speakers: Fazil E. Alfitri, President Director.

Chevron's Asian Geothermal Energy Assets Reportedly For Sale

China General Nuclear Power Corporation has been invited to make a second-round bid for Asian geothermal energy assets of Chevron Corporation (NYSE:CVX) which could fetch $3 billion, according to people with knowledge of the matter. PT. Medco Power Indonesia is considering joining a separate shortlisted consortium that includes Marubeni Corporation (TSE:8002) and Aboitiz Power Corp. (PSE:AP), said the people, who asked not to be identified because the information is private. Citigroup Inc., Chevron's adviser on the sale, will call for second-round bids later this month, the people said. Representatives for Marubeni, Aboitiz and Citigroup declined to comment, while a representative for China General Nuclear didn't respond to a Bloomberg inquiry. A Singapore-based spokesman for Chevron said the company doesn't comment on market rumour or speculation concerning mergers, acquisitions, or divestitures of its assets.

B.Grimm Power Will Not Buy Medco Power

B.Grimm Power Co., Ltd. recently decided to cancel its plan to acquire PT. Medco Power Indonesia after re-evaluating the risk factors, President Preeyanart Soontornwata said.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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