Indonesian Oil Giant Invests $12b Into Clean Energy

The former Fortune 500 company intends to deliver 10 GW of clean energy by 2026 via several initiatives, totalling a $12b investment.

By Joel Davies -

Pertamina NRE (PNRE), the major Indonesian energy company, has announced it is targeting an installed capacity of 10 GW of clean energy by 2026 from the gas to power business, renewable energy, and a number of other energy development initiatives.

PNRE is made up of Pertamina Geothermal Energy (PGE), Jawa Satu Power (JSP), and Jawa Satu Regas (JSR). To reach a capacity of 10 GW by 2026, the company will increase the gas to power business line’s clean energy to 6 GW, renewable energy and 1 GW via EBT initiatives such as the development of the EV ecosystem and hydrogen energy.

“To oversee the energy transition, PNRE has aspirations of clean energy with an installed capacity of 10 GW by 2026, which is a consolidation of gas to power, renewable energy including geothermal, as well as several other new initiatives, including the EV ecosystem and hydrogen pilot project”, explained Dannif Danusaputro, Chief Executive Officer of the PNRE Sub-holding.

PNRE is also developing several initiatives, including green and blue hydrogen, as well as an EV ecosystem that is targeted to reach 1 GW by 2026. To achieve the aspirations of 10 GW by 2026, PNRE is working on EBT projects within the Pertamina Group or domestically and also exploring business expansion overseas.

The company says the energy transition is part of Pertamina’s commitment to support the government in reducing greenhouse gas (GHG) emissions by 29% by 2030. The PNRE sub-holding with a number of Japanese companies – LEMIGAS, and ITB – recently signed an agreement to conduct a joint study on the development of carbon capture, utilization, and storage (CCUS) technology in the Sukowati and Gundih oil and gas fields. CCUS is a clean technology that allows the capture of CO2 from being released into the atmosphere.

Pertamina clean energy
Pertamina fuel storage tanks. Image: Pertamina.

“Pertamina has a strong commitment to implementing ESG in managing its business. As part of the global community, Pertamina actively supports efforts to reduce the pace of world climate change. And especially in Indonesia, Pertamina strongly supports the government’s target to reduce greenhouse gas emissions by 29 per cent by 2030 and achieve net-zero emissions by 2060″, continued Dannif.

One of Pertamina’s commitments is to meet the electricity needs of EBT power plants in Pertamina’s working areas. In this case, PNRE has collaborated with other sub-holdings or other Pertamina affiliates to provide these needs, including PLTS Badak with a capacity of 4 MW and Pertamina gas stations with a capacity of 257 KW.

Other EBT projects that are currently running include PLTS Dumai with a capacity of 2 MW and PLTS Cilacap with a capacity of 2 MW. PNRE is currently also continuing to implement PLTS projects at Pertamina gas stations spread across the archipelago. For this project, PNRE has the ambition to provide PLTS at 1000 Pertamina gas stations.

You can find more information about Pertamina and its $12b clean energy investment on its website.

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