IFC’s investment will assist PT Medco Power Indonesia in its plans to complete five additional power projects, increasing the company’s total generation capacity to about 390MW.
The investment is part of a $112m equity investment arranged by a consortium of financial investors led by Saratoga Capital to provide growth capital to the company.
The company will provide cleaner electric power, with approximately 500,000 tons equivalent of carbon dioxide emissions avoided per year compared with coal-fired power generation.
IFC’s engagement in this project helps PT Medco Power Indonesia consolidate its position as a provider of sustainable energy solutions while expanding into new areas such as small-scale hydropower projects.
PT Medco Power Indonesia is a power producer that generates electric power through natural gas and hydroelectric sources.
