"Pertamina Geothermal Energy: Revolutionizing Indonesia's Green Energy Landscape as the Maverick Leader"

Discover Indonesia's Leading Green Energy Company: Pertamina Geothermal Energy

The Lumut Balai geothermal power plant of Pertamina Geothermal Energy.

Pertamina Geothermal Energy (PGE) is the driving force behind Indonesia's geothermal energy industry. With thirteen work areas across the country, PGE currently produces an impressive 1877 MW of geothermal power, making it a prominent player in the green energy sector. PGE operates six solely owned geothermal plants and has interests in four other plants under joint-operating contracts.

As part of its ambitious expansion plans, PGE aims to increase its own power generation capacity to 1540 MW by 2030, which would help reduce 9 million tons of CO2 emissions annually. To support its vision of becoming a world-class green energy producer, PGE is planning an initial public offering (IPO) in the first quarter of 2023, with the potential to raise 500 million USD of new equity capital.

PGE has several exciting projects in the pipeline, including the construction of a new 55 MW power station in the Lumut Balai work area in South Sumatra, which will increase the installed capacity of the geothermal plant to 110 MW. Additionally, the company is exploring the utilization of binary technology to increase its already installed generation capacity by up to 210 MW.

PGE is also actively seeking partnerships to develop geothermal energy for other purposes such as green hydrogen production, CO2 processing, and extraction of rare metals. With its excellent track record and commitment to sustainability, Pertamina Geothermal Energy is poised to lead the way in Indonesia's transition to a low-carbon future.

source:(oilandgasesorg)

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