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Media Release

2018-05-08

MedcoEnergi Announces Commercial Operation of Sarulla Geothermal’s Third Unit

Jakarta, 8 May 2018 – PT Medco Energi Internasional Tbk (“MedcoEnergi” or “the “Company”) announced today the commercial operation of the third and final unit in the phase one development of the Sarulla Geothermal Power Project (“Project”). Commercial operation of the Project’s first and second units began on 18 March 2017 and 2 October 2017 respectively.

The Project is the world’s largest single-contract geothermal power plant and is located in Pahae Jae and Pahae Julu Districts, North Tapanuli Regency, North Sumatra Province, Indonesia. The U$1.7 billion project generates approximately 330MW, enough to power 2.1 million Indonesian households. The Project is sponsored by a consortium of Medco Power Indonesia, ITOCHU Corporation, Kyushu Electric Power Co., INPEX, and Ormat Technologies

Hilmi Panigoro, President Director of MedcoEnergi, said “I am very pleased with the completion of this 330MW Sarulla Geothermal Power Project, it demonstrates the Company’s continued support to Indonesia’s economic development and our commitment to deliver value to our stakeholders.”