Ijen Geothermal power plant, phase I

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"The project comprises the development of the first phase of Ijen Geothermal – a new 31-MW power plant, which will increase renewable power generation in East Java, Indonesia and will provide baseload power generation capacity to the Java-Bali grid, Indonesia's largest power system. The sponsors are the Indonesian power company PT Medco Cahaya Geothermal (51%) and the U.S. Ormat Technology INC (49%). PT Medco Cahaya Geothermal received a commitment of $126m from U.S. International Development Finance Corporation (DFC) to invest in the project. The loan was announced on May 22nd, 2024. The DFC commitment for the company is in coordination with Indonesian infrastructure bank PT SMI. " https://www.dfc.gov/media/press-releases/united-states-announces-new-126-million-commitment-ambitious-indonesian#:~:text=JAKARTA%2C%20INDONESIA%20%E2%80%93%20The%20U.S.%20International,help%20strengthen%20Indonesia's%20energy%20security https://www.dfc.gov/media/press-releases/united-states-announces-new-126-million-commitment-ambitious-indonesian#:~:text=JAKARTA%2C%20INDONESIA%20%E2%80%93%20The%20U.S.%20International,help%20strengthen%20Indonesia's%20energy%20security