JAKARTA (Yosefari) – PT Medco Energi Internasional Tbk (MEDC) plans to build a simple cycle gas turbine with capacity of 70 megawatts in Tanjung Uncang, Batam which costs US$70 million, equivalent Rp770 billion.
The company is now setting up a consortium, through its unit PT Medco Power Indonesia, with a company from Japan interested to finance the project.
MEDC allocates capex of US$500 million for next year, funded by loan and internal cash, and mostly to fund its gas project in Senoro, Central Sulawesi.
While PT Medco E&P Indonesia is assigned to manage or operate mining working area in Kampar, Riau, for 6 months starting 28 November 2013 as the contract was expired in 27 November 2013.