Business

Green Energy Potential Abundant, Pertamina Geothermal Energy Explores Japan Cooperation

Jakarta – PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) continues to make sustainable business moves. After getting a positive response from foreign investors after the issuance of green bonds, this time the leadership of PGE explored mutually beneficial businesses with a number of companies in Japan.

This business step was marked by the presence of PGE management at the Indonesia-Japan Corporations Exclusive Business Matching Event held in Tokyo, Japan, on May 22, 2023.

President Director of PT Pertamina Geothermal Energy Tbk. Ahmad Yuniarto said that this activity is very strategic to open up opportunities for cooperation between Japanese and Indonesian companies in creating positive synergies for both parties.

“Surely PGE’s presence at the Business Matching forum held by the Indonesia Stock Exchange (IDX) authority is a sign that the business we are developing has great market potential in the eyes of foreign investors, especially countries that have paid great attention to developing clean energy,” said Ahmad Yuniarto.

Ahmad further explained that Indonesia’s geothermal energy currently has the second largest potential in the world, after the United States. Geothermal, he said, can be an environmentally friendly and stable energy source that can become a sustainable base load in the future.

“PGE as a leader in the geothermal sector will continue to develop Indonesia’s geothermal potential. Therefore, collaboration with a number of parties is very important to do,” he said.

Regarding the phenomenon of oversubscribed up to 8.25 times for PGE’s green bond offering recently, according to Ahmad, this is a positive signal to involve more parties. With increasing global awareness to utilize green energy, he said, PGE is now one of the strategic business players from Indonesia.

“Our presence in Japan is very important to see and explore PGE’s business development in the future by involving global business players who are already very aware of green energy and new and renewable energy,” he said.

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