Medco Power Indonesia Lakukan Tajak Sumur Eksplorasi Pertama PLTP di Blawan Ijen

MINISTRY OF ENERGY AND MINERAL RESOURCES

REPUBLIC OF INDONESIA

PRESS RELEASE

NUMBER: 143.Pers/04/SJI/2020

Date: 2 April 2020

Medco Power Indonesia Begins Spud-in of Blawan Ijen

PT Medco Power Indonesia through its subsidiary, Medco Cahaya Geothermal (MCG), begins the spud-in of the first exploration well of Blawan Ijen Geothermal Power Plant (PLTP) in East Java. The spud-in is made at the first well (IJN 6-1) out of the total four wells to be drilled in the exploration phase.

The drilling of the first two wells of the 110 Megawatt (MW) geothermal power plant will be made until a depth of 2,500-3,000 meters and will last until the end of 2020. Unit 1 is targeted for commercial operation in 2022-2023.

President Director of Medco Power, Eka Satria, says the spud-in is the first step to develop the environmentally friendly power plant, following PLTP Sarulla which was also developed by Medco.

"The start of the spud-in shows Medco's commitment to develop environmentally friendly power plant following our previous project of 330 MW PLTP Sarulla in North Tapanuli. The drilling is a continuation of the results of two slim holes drilling," said President Director of Medco Power, Eka Satria.

Head of Bureau of Communication, Public Information Services, and Cooperation of Ministry of EMR, Agung Pribadi, appreciates Medco's efforts in taking part in the development of renewable energy.

"We appreciate Medco's commitment to developing environmentally friendly renewable energy. The geothermal power plant in Blawan Ijen will become part of our efforts to reach the new, renewable energy mix of 23% in 2025," Agung concluded.

As publicly known, Medco Cahaya Geothermal is a joint venture between Medco Power Indonesia and Ormat Geothermal Power and has a 30-year Power Purchase Agreement with PLN. (IY)

Head of Bureau of Communication, Public Information Services, and Cooperation

Agung Pribadi (08112213555)

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