Medco Gets IDR 15 Billion Grant To Develop Bayu Power Plant

Illustration of PLTB (Photo: Unsplash)

PT Medco Power Indonesia (Medco) received IDR 15 billion as a grant from the United States Trade and Development Agency (USTDA) for a feasibility study for the development of a bayu power plant (PLTB). The PLTB with a capacity of 111 Megawatts (MW) is located in West Sumbawa, West Nusa Tenggara, Indonesia.

Quoted from his written statement, the Rp15 billion fund is intended to support Indonesia's clean energy transition, under the Just Energy Transition Partnership (JETP) partnership led by Indonesia.

President Director of PT Medco Power Indonesia, Eka Satria said, this feasibility study will provide detailed analysis of wind resources, geotechnical initial analysis, electricity generation design and interconnection systems, network integration studies, initial environmental and social impact assessments, risk assessments, cost and economic analysis as well as implementation plans.

"The resulting bayu-powered electricity will supply clean energy to regional networks in Indonesia to support the clean energy transition process in Indonesia," he said, quoted on Tuesday, May 30.

He continued, as a leading clean and renewable energy company in Indonesia, Medco Power continues to support the Indonesian government's commitment to climate change mitigation and targets towards reducing emissions and net zeros.

"This signing is also part of our climate change strategy in developing electricity and renewable energy portfolios," added Eka.

Meanwhile, the Director of USTDA, Enoh T. Ebong, said that USTDA is committed to supporting potential projects that can close the infrastructure gap and support the clean energy transition in Indonesia.

"At the same time, this project will create opportunities for the United States to be used in the development of this bayu power plant," he concluded.