Jakarta – State-owned energy company PT Pertamina (Persero), Pertamina New & Renewable Energy (Pertamina NRE) and its subsidiary PT Pertamina Geothermal Energy Tbk (PGEO) signed an amendment to the Carbon Credit Trading Agreement (CTCA). This strategic step was taken towards the energy transition and achieving Indonesia’s net-zero emissions (NZE) target.
The KDP amendment was signed by Pertamina NRE Chief Executive Officer John Anis and Pertamina Geothermal President Director Julfi Hadi on Friday, December 13. The signing was also witnessed by PT Pertamina (Persero) President Director Simon Aloysius Mantiri.
In his speech, Simon appreciated the innovations supporting net-zero emissions. Moreover, Indonesia has abundant green energy potential, ranging from year-round sun and vast forests to geothermal and hydrogen.
“I really appreciate this hard work, which will certainly be very useful in supporting the government in continuing to push our energy sector forward to the green energy transition. And, of course, we will be energy-sufficient one day,” Simon said.
This collaboration continues Pertamina NRE’s contribution to managing carbon credits derived from the Lahendong Unit 5&6 geothermal project in the Tompaso geothermal field, North Sulawesi.
According to Pertamina in a press statement on Monday, December 16, “Since the launch of IDXCarbon on September 26, 2023, to date, Pertamina NRE has recorded sales of 862 thousand tons CO2e of carbon credits from Lahendong Units 5&6 for volumes 1 and 2. These sales account for 96% of Indonesia’s carbon credit market share and further strengthen Pertamina NRE’s role as a carbon market aggregator in Pertamina Group. Under the new agreement, Pertamina NRE will sell 390 thousand tons CO2e of carbon credits for volume 3.” (hs)
Banner photo: Hartatik
