Indonesia Renewable Power,

27 Feb-01 Mar, 2017 - Jakarta, INDONESIA

Le Meridien Jakarta

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News Feed

Indonesia to Boost Geothermal Power with synergy between state-owned PLN and Pertamina

Posted on : 21 Nov, 2016

 

Indonesian government is betting on renewable power to address its electricity needs. Recently, there have been reports of state utility PLN planning to acquire the state-owned Pertamina’s subsidiary Pertamina Geothermal Energy (PGE). The government plans to appoint a state-run energy firm that will look into geothermal development in Indonesia and meet the country’s energy mix target.

 

The acquisition is viewed to bring synergy between PLN and state-owned oil and gas company Pertamina and is likely to increase efficiency and eliminate duplication of investment between state-run energy firms.

 

Currently, Indonesia’s installed geothermal power plant capacity is only 1.5 GW. The acquisition will help PGE to make swift progress in geothermal development and meet the 7.2 GW target of installed electricity by 2025, or 23 percent of the total energy mix. The acquisition will also help eliminate competition and disputes over geothermal power prices.

 

The Small and Medium Enterprises Ministry has brought in financial consultant Danareksa to examine the technical aspects of the acquisition and final decision is expected by end of 2016.

 

More on geothermal power will be discussed at CMT’s Indonesia Renewable Power on 27 February- 1 March, 2017 in Jakarta.

 

For more information about the event, contact Ms. Grace Oh at grace@cmtsp.com.sg or call +65 6346 9147.

 

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