The usDFC has granted a $126 million mortgage to Medco Cahaya Geothermal to finance a 31.5-MW geothermal undertaking in East Java, Indonesia.
PT Medco Cahaya Geothermal (PT Medco) has been chosen as one of many corporations to be granted loans by the U.S. Worldwide Improvement Finance Company (DFC). Extra particularly, PT Medco will obtain a $126 million mortgage to finance the event of a 31.4-MW geothermal energy undertaking in East Java, Indonesia.
No particular undertaking was talked about within the transaction paperwork. Nonetheless, PT Medco is at the moment engaged on the Blawan Ijen geothermal web site in East Java beneath a 35-year concession beneath the Ministry of Vitality and Mineral Sources (MEMR) with the plan to develop 2 x 55 MW of energy technology capability. The newest main replace on the undertaking is the completion of exploration works again in 2022.
Supply: TN International