Archi and Ormat Join Forces to Unlock North Sulawesi's Geothermal Potential In an exciting venture that marks a new chapter in Indonesia’s renewable energy landscape, PT Archi Indonesia and Ormat Technologies Inc. have established a joint venture, PT Toka Tindung Geothermal (TTG). This partnership aims to explore and harness geothermal energy in the Bitung area of North Sulawesi, leveraging the geothermal potential around Archi’s Toka Tindung gold mine. Ormat, a global leader in geothermal energy development, holds a 75% stake in the joint venture, while Archi, a pure-play gold mining company, owns the remaining 25%. This collaboration exemplifies how industries traditionally associated with mining and fossil fuels are now shifting towards sustainable energy practices. As part of the agreement, Ormat will spearhead exploration activities, focusing on the Klabat Wineru geothermal prospect. Once the geothermal potential is confirmed, Ormat will also oversee the design, engineering, a...

Medco Power's Unique Position as the Sole Bidder for North Sumatra Geothermal Prospect Medco Power Indonesia has emerged as the sole bidder for a promising geothermal prospect in North Sumatra, positioning itself as the leading contender for this significant project. This unique status raises questions about the circumstances leading to Medco's exclusive bid and what it reveals about the company’s strategic direction. Reasons for Medco Power’s Sole Bidder Status One of the primary reasons Medco Power stands alone in this bid could be attributed to the complexity and high capital requirements associated with geothermal projects in Indonesia. Developing geothermal resources requires significant upfront investment, cutting-edge technology, and technical expertise in drilling, resource assessment, and plant operation. Medco, with its long-standing experience in the energy sector, has both the financial and operational strength to tackle these challenges.  Moreover, Indonesia’s geot...

Medco Energi’s Ambitious Geothermal Plans for the Ijen Project: A Green Energy Revolution in the Making In an era where renewable energy is no longer just an option but a necessity, Medco Energi Internasional Tbk (MEDC) is at the forefront of the green revolution in Indonesia. The company's latest strides in geothermal energy, particularly the Ijen Geothermal Power Plant (PLTP) project in East Java, serve as a testament to its commitment to a cleaner, more sustainable future. As the global energy market shifts, Medco Energi is positioning itself as a key player, not only in Indonesia but on the international stage. The Ijen PLTP project, with its 110-megawatt (MW) capacity, represents a giant leap forward for both the company and the nation’s energy landscape. A Clean Energy Giant Emerges Medco Energi’s Director & Chief Operating Officer, Ronald Gunawan, recently unveiled some exciting updates about the Ijen geothermal project during the 2024 Medco Energi Public Expose Live. Ac...

A New Chapter for Geothermal Exploration in NRW: A Major Research Drilling Project The Geologischer Dienst Nordrhein-Westfalen (GD NRW) has just launched an exciting new phase in its mission to unlock the geothermal potential of the region. On September 9, 2024, the official announcement was made for the launch of a research drilling project, marking a significant milestone in NRW's efforts to tap into sustainable energy resources. This ambitious project is focused on exploring the geothermal capacity of the "Kohlenkalk" rock layer, with the aim of drilling up to 1,000 meters deep. The insights gained from this project could shape the future of renewable energy in the region and contribute to the ongoing transition towards clean, sustainable power. The seismically driven preliminary investigations have already indicated promising results, adding to the anticipation surrounding the upcoming drilling scheduled for March 2025. A Multi-Phase Approach to Innovation The researc...