Danantara Will Facilitate 19 PLN And Pertamina Geothermal Projects

JAKARTA - The Anagata Nusantara Power Investment Management Agency (Danantara Indonesia), through PT Danantara Asset Management (Persero) will facilitate strategic cooperation between PT Pertamina (Persero) and PT PLN (Persero) in developing geothermal energy for power plants.

This collaboration is marked by the signing of a Memorandum of Understanding (MoU) which determines the initial framework of cooperation and will be formulated further through the official cooperation documents of related parties.

Cooperation between PLN through PT PLN Indonesia Power (PLN IP) and Pertamina through PT Pertamina Geothermal Energy, Tbk. (PGEO), as outlined in the Head of Agreements facilitated by Danantara Indonesia, is an integral part of the national strategy to build a strong, sustainable, and domestic resource-based energy system.

The agreement between related parties has been approved through the Consortium Agreement, especially for the Ulubelu Bottoming Unit in Lampung and the Lahendong Bottoming Unit in North Sulawesi.

"We are committed to ensuring that every strategic asset management initiative is carried out with accountable, professional, and in line with international standards," said Danantara Indonesia CEO Rosan Roeslani, Tuesday, August 5.

He continued, this collaboration aims to examine the potential development of geothermal power plants, both through the initiation of new projects and the acceleration of completion of existing projects.

The scope of partnerships includes the formulation of optimal cooperation schemes, the utilization of the Geothermal Working Area (WKP) owned by each party, the alignment and acceleration of project implementation, the implementation of technical and commercial feasibility studies, as well as the establishment of a Joint Working Team and a Joint Committee as implementation coordination forum.

In this partnership, as many as 19 existing projects with a capacity of around 530 MW will be accelerated through operational synergy and cross-entity coordination. In addition, the party agreed to review the potential for additional development, both in the working area that has produced and the new prospective area.

Overall, the potential capacity can reach 1,130 MW with an estimated investment value of up to 5.4 billion US dollars, reflecting strategic scales and concrete contributions to national energy security and the transition to clean energy.