Medco Power Indonesia

Name

Medco Power Indonesia

Legal name

PT Medco Power Indonesia

Website

https://medcopower.co.id

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Electric Power Generation (22111), Geothermal Electric Power Generation (221116), Solar Electric Power Generation (221114), Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industries

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Independent power generation
• Geothermal power operations
• Coal-fired power plants
• Solar PV energy
• Power plant maintenance services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Generation & Sales: Generate and sell electricity through owned power plants under long-term Power Purchase Agreements (PPAs) with PLN Persero. Revenue comes from capacity payments and energy sales.
2. O&M Services: Operation and maintenance services for power plants under contracts with PLN and other plant owners. Combined EPC and O&M bundled contracts as well as standalone O&M agreements.
3. EPC Contract Services: Engineering, Procurement, and Construction services for power plant projects, particularly coal-fired small power plants (CFSPP) under combined EPC and O&M contracts.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

PT Medco Power Indonesia develops, owns, and operates a diversified portfolio of power generation assets in Indonesia — including coal-fired (CFB boiler), geothermal, and solar PV plants — selling electricity to PT PLN Persero under long-term Power Purchase Agreements. The company also delivers integrated Engineering, Procurement, and Construction (EPC) plus Operation and Maintenance (O&M) services through dedicated subsidiaries such as Medco Power Geothermal Services and MedcoPower Servis Indonesia.

Product overview

Medco Power Indonesia is an independent power producer and operator offering a diversified portfolio of power generation assets and operation & maintenance (O&M) services. Its generation portfolio spans coal-fired power plants (CFSPP Sulut-1 and CFSPP Timor-1, each 2x50MW), geothermal facilities (including the world's largest 330MW Sarulla plant and the Ijen geothermal plant in East Java), and solar PV projects (Medco Solar Bali Barat 25 MWp and East Bali Solar Power Plant using Bifacial Solar PV technology). The O&M services are delivered through dedicated subsidiaries including Medco Power Geothermal Services (Bondowoso), Medcopower Servis Indonesia (Riau), TJB Power Services (Jepara), and Medco Geothermal Sarulla O&M. The company operates as a subsidiary of MedcoEnergi.

Differentiator

Problem solved

Functional benefit

Brands

• Medco Power Geothermal Services: Operation and maintenance services for geothermal power plants in Bondowoso, East Java
• MedcoPower Servis Indonesia
• TJB Power Services

Products and services

• CFSPP Sulut-1 Coal-Fired Power Plant 100 MW (2x50 MW) coal-fired power plant using Circulating Fluidized Bed (CFB) Boiler technology, located in Bolaang Mongondow, North Sulawesi, supplying electricity to PLN under a long-term PPA combined with bundled EPC + O&M obligations.
• CFSPP Timor-1 Coal-Fired Power Plant 100 MW (2x50 MW) coal-fired power plant located in Kupang, East Nusa Tenggara, supplying electricity to PLN Persero under long-term PPA.
• Medco Geothermal Sarulla (MGS) — 330 MW Geothermal Power Plant 330 MW geothermal power plant recognized as the world's largest geothermal power plant project; operated under an O&M Agreement signed 29 September 2016 between Medco Power (via PT Medco Geothermal Sarulla) and SOL, supplying clean baseload electricity to PLN.
• Medco Solar Bali Barat (25 MWp Solar PV) 25 MWp solar photovoltaic power project located in Bali, operated by PT Medco Solar Bali Barat as a joint venture between Medco Power and Solar Philippines.
• East Bali Solar Power Plant (Bifacial Solar PV) Solar PV power plant in East Bali using bifacial solar panel technology for optimized energy capture from both sides of the modules.
• Ijen Geothermal Power Plant (PT Medco Cahaya Geothermal / MCG) Geothermal power plant in East Java developed by PT Medco Cahaya Geothermal (MCG) through a strategic collaboration with PT Sarana Multi Infrastruktur (SMI); the first geothermal power plant in East Java.
• Medco Power Geothermal Services (O&M) Operation and maintenance services for geothermal power facilities delivered from Bondowoso, East Java, under the Medco Power Geothermal Services subsidiary.
• MedcoPower Servis Indonesia (O&M) Operation and maintenance services for power plants in Riau province, delivered through MedcoPower Servis Indonesia.
• TJB Power Services (O&M) Operation and maintenance services for the Tanjung Jati B power plant in Jepara, delivered under TJB Power Services.
• Medco Geothermal Sarulla O&M Service Dedicated operation and maintenance services for the 330 MW Sarulla geothermal power plant, delivered via the PT Medco Geothermal Sarulla subsidiary under the 2016 O&M Agreement with Sarulla Operations Ltd.

Quantifiable outcome

• 330 MW Sarulla geothermal plant - world's largest geothermal project
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• PT Sarana Multi Infrastruktur (SMI)coreStrategic or Co-development Partner · 22 April 2026SMI is a strategic partner providing financing and development support for renewable energy projects. Collaboration began with Sumbawa solar project (operational since 2022) and expanded to Ijen geothermal project.
• PT PLN PerserocoreStrategic or Co-development Partner · 1 December 2019Medco Power signed O&M operator contract with PLN Persero for Coal Fired Small Power Plant (CFSPP) Sulut-1 as combined EPC and O&M contract. PLN serves as the offtaker for electricity generated.
• SOL (Sarulla Operations Ltd)coreStrategic or Co-development Partner · 29 September 2016Medco Power through subsidiary PT Medco Geothermal Sarulla (MGS) signed Operation and Maintenance Agreement with SOL for 330 MW Sarulla power plant, effective from signing date. SOL provides operational expertise for the world's largest geothermal power plant project.
• Solar PhilippinesminorStrategic or Co-development PartnerJoint venture with Solar Philippines for Medco Solar Bali Barat project (25 MWp). Solar Philippines brings solar PV technology and development expertise for the Bali solar project.
• Medco Ratch Power Riau (MRPR)coreStrategic or Co-development PartnerJoint venture with Ratch Group for power generation in Riau province. MRPR operates power assets and implements CSR programs including healthcare electrification projects in Pekanbaru.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pertamina Geothermal Energy: Indonesia's largest geothermal IPP and the listed subsidiary of Pertamina, operating the Kamojang, Ulubelu and Lahendong fields. Directly comparable as a domestic IPP that generates and sells geothermal electricity to PLN under long-term PPAs.
• Star Energy Geothermal: Operates the Salak and Wayang Windu geothermal fields in Java under a Chevron-influenced ownership structure. Closely comparable Indonesian geothermal IPP selling power to PLN on long-term PPAs.
• Geo Dipa Energi: State-affiliated Indonesian geothermal IPP operating the Patuha and Kamojang expansion projects. Directly comparable as a domestic geothermal generator and O&M service provider for PLN.
• Paiton Energy: Operates the 2x615 MW Paiton coal-fired power complex in East Java under a long-term PPA with PLN. Directly comparable as an Indonesian thermal IPP with bundled O&M obligations and PLN as sole offtaker.
• Cikarang Listrindo: Indonesian independent power producer operating gas and diesel-fired plants supplying industrial customers in Java. Comparable as an Indonesian IPP with a long-tenure PPA-style contracted revenue base.
• Ratch Group: Thailand-based IPP and existing JV partner of Medco Power via Medco Ratch Power Riau. Directly comparable as a regional power-generation operator with diversified thermal and renewable assets.
• PT Sumber Segara Primadaya (S2P / Bhumi Jati Power): Indonesian coal-fired IPP operating the 2x1,000 MW Java-7 power plant under a 25-year PPA with PLN. Directly comparable as a domestic thermal IPP with long-dated contracted revenue from PLN.

Regional players

• Electricity Generating (EGCO): Thai IPP with a mixed thermal/renewable portfolio across Thailand and Southeast Asia. Comparable as a regional IPP running plant O&M for both owned and third-party assets, though operating primarily outside Indonesia.
• Gulf Energy Development: Largest Thai IPP with diversified gas-fired and renewable generation across Thailand, Vietnam and Oman. Comparable as a regionally scaled power-generation platform, though focused outside Indonesia.

Emerging players

• Adaro Energy: Indonesian integrated energy group with coal-mining operations and a growing IPP subsidiary (Alamtri/Adaro Power). Comparable as a domestic Indonesian operator at the coal/renewable generation frontier, though broader mining exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-energi-listrik-batam-medco-power-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medco Power Indonesia