Independent Power Producer (IPP) Development and Investment
Valco has been in the power business since 1993 from an EPC contractor to a power plant developer. We are currently developing a 60 MW power plant in Medan and have been engaged in preliminary stages of developing two additional IPP power plants with capacity ranging from 150 to 300 MW.
Total investments which we have been putting in place in developing in these power plants are in excess of USD 400 million and all of the capacity generated is planned to be sold to Perusahaan Listrik Negara (PLN). We have a credible and technically competent dedicated team that overlooks the planning and development of these power plants.
With Indonesia severely lacking of power especially in the islands of Java, this would give Valco opportunity to further develop more IPP’s either coal, diesel or gas fired depending on the proximity of these opportunities and its distance from either of these resources.