Thursday, December 20, 2018

Indonesia: Companies Agree to Develop Financing for Geothermal Projects in the Exploration Phase

Medco Gandeng SMI Garap Proyek Eksplorasi Panas Bumi
 - Medco Collaborates with SMI to Work on Geothermal Exploration Project (Dunia-Energi)


PT Medco Energi Internasional Tbk (MEDC) melalui anak usahanya PT Medco Power Indonesia  yang bergerak di bidang kelistrikan, telah menandatangani nota kesepahaman dengan PT Sarana Multi Infrastruktur (SMI)  untuk pengembangan pembiayaan proyek panas bumi di tahap eksplorasi.

Medco Power dan SMI sepakat melakukan pertukaran informasi dalam bisnis dan program-program yang dapat mendukung pengembangan pembiayaan proyek panas bumi yang dilakukan Medco Power melalui anak usahanya, Medco Cahaya Geothermal yang saat ini sedang melakukan eksplorasi di Blawan, Ijen.

(From Google Translate) PT Medco Energi Internasional Tbk (MEDC) through its subsidiary, PT Medco Power Indonesia, which is engaged in electricity, has signed a memorandum of understanding with PT Sarana Multi Infrastruktur (SMI) to develop financing for geothermal projects in the exploration phase.

Medco Power and SMI have agreed to exchange information in business and programs that can support the development of geothermal project financing conducted by Medco Power through its subsidiary, Medco Cahaya Geothermal, which is currently exploring Blawan, Ijen.