PROJECT

Projects

Summary of Investment Information

Project Number

39879

Company Name

PT MEDCO RATCH POWER RIAU

Date SPI Disclosed

Jul 23, 2018

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Sep 21, 2018

Environmental Category

A - Significant

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Feb 15, 2019
Signed : Mar 20, 2019
Invested : Nov 13, 2019

Sector

Gas - Thermal Power Generation

Project Description

The proposed project is the development, construction and operation of a 275 megawatt (MW) combined cycle gas turbine power plant and about 40-kilometer gas pipeline in Riau Province, Sumatera, Indonesia. (the “Project”) Following a competitive bidding process, the Project was awarded to a consortium of PT Medco Power Indonesia (51%) and Ratchaburi Electricity Generating Holding Public Company Limited (49%), (together, the “Sponsors”) to implement the project through a project company Medco Ratch Power Riau (MRPR).  The Project has secured a 20-year power purchase agreement from the national electricity utility, PT Perusahaan Listrik Negara (PLN) and it is anticipated that the Project will generate about 1.4 TWh of electricity annually.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation