Ormat secures financing for the development of Ijen geothermal project

Ormat Technologies, Inc. Ormat Technologies and PT Medco Power Indonesia through its subsidiary company, PT Medco Cahaya Geothermal (MCG), signed a financing agreement with PT Sarana Multi Infrastruktur (Persero) (SMI) for development of Ijen Geothermal Power Plant.

Medco Power Indonesia through its subsidiary PT. Medco Cahaya Geothermal is developing the 110MW Blawan Ijen Geothermal Power Plant in Blawan Ijen, East Java, Indonesia

16 January 2023
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The signing was witnessed by Harris Yahya, geothermal director of the Ministry of Energy and Mineral Resources, Adi Lumakso director of generation management of PT PLN (Persero), Hilmi Panigoro

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