Prajogo Pangestu BREN's Issuer Aims To Increase PLTP And PLTB Capacity

Entrepreneur Prajogo Pangestu. (Photo: Doc. ANTARA)

JAKARTA - Barito Renewables Energy (BREN), an issuer owned by Entrepreneur Prajogo Pangestu announced that it is targeting an increase in the capacity of Geothermal Power Plants (PLTP) and Bayu or Wind Power Plants (PLTB).

Just so you know, BREN manages PLTP with a capacity of 886 MW from its manageable assets such as PLTP Wayang Windu with a capacity of 230.5 MW, PLTP Salak with a capacity of 381 MW, and PLTP Darajat with a capacity of 274.5 MW.

Barito Renewables Energy President Director Hendra Soetjipto Tan said that currently his party is targeting the addition of 116 MW of capacity to assets that have been operating. Thus, the PLTP capacity operated by the BREN in the future reaches 902 MW.

"This shows the maximum potential for geothermal capacity that we are working on. First, by increasing the capacity of our assets that are already operating by 116 MW," Hendra said in the Public Expose Incidentil quoted on Tuesday, May 14.

Hendra said, in addition to increasing the capacity of PLTP, his party is also conducting explorations in South Sekincau and Hamiding as a commitment to developing greenfield assets. Just so you know, the two regions are known to have a geothermal potential of 500 MW each.

"Then the development of new areas in South Sekincau and North Maluku, the potential for a total geothermal capacity that we can manage in the future is approximately 2,000 MW," he explained.

As for wind power, currently BREN owns 100 percent of shares in PLTB Sidrap 1 which is already operating with a capacity of 78 MW. In addition, Hendra explained that the company also owns half of the shares in PLTB Sidrap 2, Sukabumi, and Lombok.

The three PLTBs that are still in the exploration stage have a total potential capacity of 318 MW, consisting of PLTB Sidrap 2 69 MW, PLTB Sukabumi 150 MW, and PLTB Lombok 99 MW.

In the future, he continued, his party will develop PLTB in Sukabumi, Lombok and Sidrap 2 so that BREN will manage PLTB with a potential of 396 MW.

Hendra said that the plan to increase capacity and develop greenfield assets itself is part of the company's growth strategy.

Apart from that, the company is also committed to operating power plants efficiently at optimal capacity.

Another strategy, continued Hendra Soetjipto, is to take advantage of green credentials through carbon credit sales and Renewable Energy Certificate (REC), as well as acquire renewable energy projects.

"The fifth strategy is to expand geothermal operations or acquire other renewable energy projects both in Indonesia and abroad," concluded Hendra.