Massively Developing Renewable Energy, Pertamina Group Signs 9 MoUs

Jakarta, July 12, 2023 - PT Pertamina (Persero) proves its commitment to the New and Renewable Energy (NRE) development business by collaborating with various strategic partners. These collaborations were solidified through nine Memorandums of Understanding (MoUs) signing.

The nine MoUs were signed by PT Pertamina New & Renewable Energy (Pertamina NRE) for five MoUs, PT Pertamina Geothermal Energy (PGE) Tbk for three MoUs, and the Research Technology and Innovation (RTI) Function of Pertamina for one MoU.

The MoUs signing took place during the 11th Indonesia New Energy, Renewable, and Energy Conservation Conference & Exhibition (EBTKE ConEx) at Ice BSD City, Tangerang, Banten, on Wednesday, July 12, 2023.

The Minister of Energy and Mineral Resources (EMR), Arifin Tasrif; Director of Logistics & Infrastructure of Pertamina, Alfian Nasution; Senior Vice President (SVP) of Research Technology and Innovation (RTI) of Pertamina, Oki Muraza; President Director of PT Pertamina New and Renewable Energy (NRE), Dannif Danusaputro; President Director of PT Pertamina Patra Niaga, Riva Siahaan; and President Director of Pertamina Geothermal Energy (PGE) Tbk, Julfi Hadi, were present at the event.

For Pertamina NRE, the MoUs signing included the Renewable Energy (RE) utilization in the Jakarta-Bandung High-Speed Railway (KCJB) environment with PT KCIC and the Green Ventures Investment Platform MoU with MDI Ventures.

Additionally, Pertamina NRE also signed MoUs for the Green Ammonia using Nuclear Energy with the Chargé d'Affaires Embassy of the Kingdom of Denmark and the cooperation MoU regarding Pipeline Routes utilization for Hydrogen Transportation to Singapore with PT Transportasi Gas Indonesia.

In terms of synergy within the Pertamina Group, Pertamina NRE also implemented an MoU concerning Carbon commercialization in the Geothermal Electricity Production Business equivalent to 40 MW with PT Pertamina Patra Niaga and PT Pertamina Geothermal Energy Tbk.

The MoUs conducted by PGE included Seulawah Geothermal Work Area 2x55 MW development with PT Pembangunan Aceh (PEMA), the South Sumatera Grid Resources Confirmation MoU with a capacity of up to 900 MW with Chevron New Energy International Pte Ltd, and the Binary Technology MoU for 210 MW with KS Orka Renewables Pte. Ltd.

Meanwhile, the Research Technology and Innovation (RTI) Function carried out an MoU with Mitsui & CO. regarding Carbon Capture Utilization and Storage (CCUS) Technology implementation in Central Sumatera.

President Director of PT Pertamina New & Renewable Energy (Pertamina NRE), Dannif Danusaputro, stated that the collaborations to be established through these MoUs are for technology development, business development, and renewable energy application. These collaborations are in the form of projects or long-term partnerships preceded by preliminary studies.

"This is to accelerate the renewable energy acceleration or Pertamina's new business potential. One of the pillars for decarbonization in Pertamina's NZE roadmap is how we can create new businesses based on renewable energy," explained Dannif at the EBTKE ConEx event.

Similarly, Julfi Hadi, the President Director of PGE, stated that today’s MoU signing aims to increase PGE's capacity from the current 700 megawatts to reach one gigawatt. The MoUs also make PGE's projects more commercially viable, particularly in terms of derivative products such as Hydrogen. Furthermore, this MoU will also develop technology utilization that could make operational activities more efficient.

"Insya Allah, within two years, PGE's target is to transform the company into a one-gigawatt company. We have signed with partners to advance quickly and improve geothermal’s commercial aspects," expressed Julfi.

VP of Corporate Communication of Pertamina, Fadjar Djoko Santoso, stated that collaborations with various strategic partners in the NRE business development follow the Net Zero Emission (NZE) target for 2060 and the energy transition initiated by the Indonesian Government.

"Pertamina will continue to strive towards achieving the NZE 2060 target and energy transition. We cannot do it alone; collaboration with various parties is needed, including strategic partnerships that we are building today," said Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**