Kansai Electric Power (KEPCO, Headquarters: Osaka Prefecture) and Kanden Power-Tech (KPT, Headquarters: Osaka Prefecture) announced on September 7, 2020, that they reached an agreement with PT Medco Power Indonesia (MPI, Headquarters: Jakarta, Indonesia), an Indonesian power generation company, to establish a joint venture that will accelerate the development of gas-fired power plants and operations and maintenance (O&M) businesses in Indonesia. KEPCO’s investment amount for the joint venture has not been disclosed, but according to Japanese media it is estimated to be a small amount of money.

Kanden Power-Tech is a wholly owned subsidiary of KEPCO which offers O&M services for power generation facilities.[1] MPI was established in 2004[2] as a group company for the power generation business unit of PT Medco Energi Internasional, the largest Indonesian energy company. MPI is actively developing power plants and is responsible for O&M services for 18 generation facilities in Indonesia, with a total capacity of over 3.3GW.

It is the first time that the KEPCO Group has entered into a strategic alliance with an overseas electric power developer. Based on its Medium-Term Management Plan, KEPCO views the development of its overseas business as an important earnings pillar and will continue to expand its overseas investments.[3][4]

[1] https://www.kepco.co.jp/corporate/pr/2020/pdf/0907_2j_01.pdf

[2] https://medcopower.co.id/about_us

[3] https://www.kepco.co.jp/corporate/pr/2020/0907_2j.html

[4] https://www.kepco.co.jp/english/corporate/pr/2020/pdf/sep07_1.pdf