Jakarta, September 11^th, 2023 – PT Medco Energi Internasional Tbk (MedcoEnergi) is pleased to announce that on Friday, September 8^th, 2023, its wholly owned subsidiary Medco Power Global and its consortium partners PacificLight Renewables Pte Ltd and Gallant Venture Ltd were granted by the Energy Market Authority (EMA) of Singapore a Conditional Award for a 600MW solar project.

The project will install over 2,000MWp of solar PV and 500MW of battery storage and is expected to be completed by 2028. It will play an important role in Singapore’s energy transition to a low carbon future and will contribute to the development of the renewable energy sector in Indonesia through investment by international solar PV and BESS manufacturers.

Mr. Hilmi Panigoro, President Director of MedcoEnergi commented “The Bulan Solar Project represents a model of cooperation between Indonesia and Singapore, which will promote the development of the renewables energy sector and the local PV and BESS manufacturing in Indonesia. I am very pleased that through Medco Power we will contribute to a more sustainable and prosperous future for both countries”.