Medco to start building US$600 mln geothermal power plant next month

Jakarta (Antara News/Asia Pulse) - The consortium of PT Medco Energi Internasional (JSX:MEDC), Ormat International Inc and Itochu Corp is set to start construction of the US$600 million Sarulla geothermal power project in North Sumatra next month.

The geothermal power project in North Tapanuli, with a capacity of 330 megawatts is estimated to cost around US$600 million, head of the regional development planning board RE Nainggolan said.

The process of transferring the project to the consortium from state-owned oil and gas company Pertamina and the National Power Utility PLN is to be completed this month.
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