Jakarta—PT Pertamina Geothermal Energy Tbk (PGE) is committed to increasing the capacity of its geothermal power plants (PLTP) to 1.7 gigawatts (GW) by 2035. PGE Finance Director Yurizki Rio said this development is part of the company’s grand strategy to strengthen the role of geothermal as the backbone of Indonesia’s energy transition.
To realise this target, the company prepared USD 650 million sourced from the proceeds of the Initial Public Offering (IPO) last year and the company’s internal cash. He said this in a DETalk event themed Achieving Energy Self-Sufficiency in the Era of the New Government on Tuesday, November 26. “60 per cent of these funds came from the IPO and the rest from internal operations. This still leaves room for additional funding if needed,” Yurizki said.
Currently, PGE has an installed PLTP capacity of 1,877 megawatts (MW), 672 MW operated directly by the company, and 1,205 MW through a Joint Operation Contract (JOC). The capacity will be gradually increased in the next 10 years. PGE currently has proven geothermal reserves with a capacity of around 1.1 GW and an additional potential reserve of 2.1 GW that is ready to be explored.
By 2028, the installed capacity is targeted to increase to 1 GW, then to 1.3 GW in 2030. Finally, in 2035, PGE’s PLTP capacity is projected to reach 1.7 GW. “This increase is in line with national energy needs and the transition to renewable energy,” said Yurizki. (Hartatik)
Banner photo: PT Pertamina Geothermal Energy Tbk (PGE) workers checking the Lahendong Geothermal Power Plant (PLTP) area. (Hartatik)
