Indonesia’s Medco Energi sells 49% stake in geothermal subsidiary

Medco Energi's Sarulla geothermal plant in North Sumatera. Photo: Medco website

Indonesia’s listed energy company Medco Energi Internasional is selling a 49 per cent stake in subsidiary Medco Cahaya Geothermal (MCG) to New York-listed Ormat Geothermal Power for an undisclosed amount, according to a stock exchange filing.

Medco Energi owns 100 per cent of MCG through its arm Medco Power Indonesia (MPI).

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