PGE Aims for 1,112 MW of Geothermal Energy by 2026 – Persero to Issue Green Bonds

Apr 2021

PT Pertamina Geothermal Energy (PGE), a subsidiary of state-run oil firm PT Pertamina (Persero), is planning to increase its geothermal power capacity from 672 megawatts (MW) to 1,112 MW by 2026. Currently, the company contributes 88% of Indonesia’s installed electricity capacity. PGE plans to maximize the geothermal potential in its 15 working areas across Indonesia, including:

  • Kotamobagu – North Sulawesi
  • Seulawah – Aceh
  • Sibayak – North Sumatra
  • Sarulla – North Sumatra
  • Hululais – Bengkulu
  • Lumut Balai – South Sumatra
  • Ulubelu – Lampung
  • Mount Salak – West Java
  • Wayang Windu – West Java
  • Drajat – West Java
  • Kamojang – West Java
  • Karaha – West Java
  • Mount Lawu – Central Java
  • Bedugul – Bali
  • Lahendong – North Sulawesi

In another development, PGE’s parent company, Persero, has announced plans to issue green bonds within 12 months as it moves to secure funds to advance its renewable energy projects, particularly geothermal developments. Persero is the second Indonesian state-owned energy company to unveil its green bonds plan, after national electricity company Perusahaan Listrik Negara.

According to the Agency for the Assessment and Application of Technology (BPPT), Indonesia has the world’s largest geothermal reserves, equivalent to about 29.5 GW. At present, only around 7% of the country’s geothermal potential has been developed.

(Sources: Upstream; Tempo.Co)

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