Aboitiz unit, PT Medco ink pact to set up power plants in Indonesia

Visual from the company website

Aboitiz Power International Pte Ltd, a Singapore-based subsidiary of listed Philippine company Aboitiz Power Corp, has signed a power venture agreement with PT Medco Power Indonesia to develop two potential 55 megawatts greenfield geothermal plants in East Java Province in Indonesia. This project is part of Aboitiz Power’s expansion plans overseas especially in Indonesia, Vietnam and Myanmar.

PT Medco Power’s subsidiary, PT Medco Cahaya Geothermal, shall serve as the project company for the venture. The latter was awarded the concession to develop the power project and is now in the resource validation and exploration stage.

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