Medco Power, ABM Investama eye more mini-hydro projects

PT Medco Power Indonesia says it wants to develop mini-hydro projects to produce a combined 50 megawatts (MW) a year, while Jakarta listed integrated energy company PT ABM Investama (ABMM) wants to produce 20 MW from mini-hydro power projects.

Medco Power Indonesia, which is 51 percent owned by PT Saratoga Power and 49 percent by listed oil and gas company PT Medco Energi Internasional, has been working on a 10 MW mini-hydro project in Sukabumi, West Java, according to president director Fazil Alfitri.

“However, we are about to sign four more contracts with construction firms for other development projects in West Java and South Sulawesi. Therefore, our portfolio will be 50 MW this year,” Fazil said, adding that the firm wanted to produce around 120 MW from mini-hydro plants in the future.

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Posted April 2, 2013 by repit in News

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