Indonesia’s First 50:50 Geothermal Joint Venture Takes Shape — PT Daya Mas Bumi Sentosa Officially Launched
In a landmark move that signals Indonesia’s deepening commitment to renewable energy, PT DSSR Daya Mas Sakti — part of the Sinar Mas Group — and PT FirstGen Geothermal Indonesia , a subsidiary of the Energy Development Corporation ( EDC ) , have officially formed a joint venture company named PT Daya Mas Bumi Sentosa . By: Robert Buluma This follows the signing ceremony held in August, marking the official wrap-up of one of the most anticipated geothermal partnerships in the region. The new company, PT Daya Mas Bumi Sentosa , represents the first-ever 50:50 geothermal partnership of its kind in Indonesia — a perfect balance of local expertise and international technical excellence. A Powerful Collaboration for a Sustainable Future The newly formed entity will spearhead the exploration and development of six geothermal prospects across Indonesia , with a combined development capacity of 440 megawatts (MW) . This strategic partnership aims to accelerate the nation’s shift ...