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October 13, 2015 2:37 PM 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. It 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. The company 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. Jend. 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: 49
Chief Financial Officer and Director
Age: 38
Chief Operation Officer and Director
Age: 57
Managing Director
Chief Business Development Officer and Director
Age: 38
Compensation as of Fiscal Year 2015.

PT Medco Power Indonesia Key Developments

Medco Power's IPO Delayed

PT Medco Power Indonesia plan of Initial public offering (IPO) is certainly postponed. Fazil Edwin Alfitri, President Director of Medco Power, says IPO plan still continues and is targeted to be realized by 2017. "Actually our stakeholders want IPO to be conducted as soon as possible," Alfitri said to IFT. As of now Medco Power's 51% stakes are held by PT Saratoga Investama Sedaya Tbk (JKSE:SRTG) via its subsidiary, Saratoga Power. Sandiaga S Uno, former President Director of SRTG, said earlier that Medco Power's share divestment will be realized if studies are indeed positive. Uno said now Medco Power is still supported by internal funding hence Saratoga will focus on fulfilling Medco Power's needs while waiting for its preparedness to conduct IPO.

PT Medco Power Indonesia Presents at Electric Power Indonesia, Apr-14-2015 08:55 AM

PT Medco Power Indonesia Presents at Electric Power Indonesia, Apr-14-2015 08:55 AM. Venue: Le Meridien, Jakarta, Indonesia. Speakers: Fazil Erwin Alfitri, President Director.

Several Entities Seek IPO In 2015

Several Indonesian entities intend to launch an initial public offering (IPO) in 2015. PT Medco Power Indonesia and PT. Tri Wahana Universal intend to launch an IPO for 15%-30% stake by the second quarter of 2015. PT PP Properti and PT Waskita Beton Precast plans to launch IPO in 2015. PT Pelayanan Listrik Nasional BATAM and PT Phapros Tbk. will launch an IPO in the first half of 2015. GMF AeroAsia, PT, PT Harapan Borneo International, PT. Asuransi Jiwasraya (Persero) and PT Perkebunan Nusantara VII (Persero) also plans to launch an IPO, however, the stakes to be sold, price and listing period are not known.

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