Pertamina NRE Agrees To Develop 500 MW Of Renewable Energy In Bangladesh

Illustration (Photo: Doc Antara)

JAKARTA - Pertamina New & Renewable Energy (Pertamina NRE) officially signed a Memorandum of Understanding (MoU) with Bangladesh Limited's Coal Power Generation Company (CPGCBL) for a Solar Power Plant (PLTS) project with a capacity of 500 MW in the Moheshkhali area and in various other areas potential in Bangladesh.

The signing of the MoU is a follow-up to the MoU government-to-government (G2G) signed between Indonesia and Bangladesh in 2017, and has gone through a feasibility study by these two energy companies.

The MoU also includes the construction of supporting facilities and becomes the basis for developing other cooperation based on the conditions and conditions agreed together. This strategic collaboration marks a step towards the use of solutions and the development of renewable energy infrastructure in Bangladesh.

We welcome very well the cooperation between CPGCBL and Pertamina NRE. CPGCBL is a leading electricity company in Bangladesh. And Pertamina NRE has the ability and experience in managing clean energy portfolios. I believe this strategic partnership is the foundation for cooperation that will not only increase our operational capabilities, but also encourage growth, innovation, mutual success, and support the security of Bangladesh's national energy," said CFO Pertamina NRE, Nelwin Aldriansyah, Tuesday, July 16.

CPGCBL through Managing Director Abul Kalam expressed his enthusiasm for the collaboration with Pertamina NRE.

"We are very enthusiastic about this collaboration, Pertamina NRE already has experience and a fairly capable clean energy business portfolio in Indonesia, hopefully this collaboration can encourage the development of clean energy in Bangladesh and be mutually beneficial for both parties," said Abul.

Bangladesh Limited (CPGCBL) Coal Power Generation Company, a company owned by the Government of the People's Republic of Bangladesh, was founded as a public company with the main business goal of generating electricity.

The company has a mandate to implement a power generation development scheme under Bangladesh' Private Sector Power Plant Policy, Public-Swasta Partnership Policy (PPP), or other government policy frameworks.

The signing of the MoU between CPGCBL and Pertamina NRE is an important milestone on the journey towards a sustainable energy future for Bangladesh.

Bangladesh stated that its pride in partnering with Pertamina NRE, part of PT Pertamina (Persero), a company that is included in the Fortune 500 lineup. This partnership is expected to bring significant progress in the renewable energy sector, which contributes to energy security and sustainability towards a cleaner future in the country.

Vice President of Corporate Communication of PT Pertamina (Persero) Fadjar Djoko Santoso revealed that cooperation with CPGCBL is one of Pertamina NRE's efforts in capturing opportunities for business expansion abroad.

"We support Pertamina NRE's expansion, in line with its competence in managing new and renewable energy. As a subholding, Pertamina NRE also shows its commitment to grow its business independently," explained Fadjar.

Currently, Pertamina NRE operates more than 2.7 Gigawatts of power generation portfolios that include gas to power, solar PV, geothermal, and biogas.