Pertamina Geothermal Energy (PGE) has launched a 1,000MW geothermal energy investment programme with the help of from the World Bank and the Government of New Zealand.
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The World Bank will provide a financial assistance of $300m to develop 150MW of geothermal project for Sumatra and Sulawesi in Indonesia and the New Zealand government will extend $6.95m technical assistance grant.
World Bank Indonesia country director Stefan Koeberle said Indonesia would greatly benefit from more power generation capacity from environmentally-friendly sources, and the World Bank supports this very important expansion in renewable energy use in the country.
"There is also an urgent need globally to lock into a low carbon, climate friendly path to development, and with the world’s largest known resources, geothermal in Indonesia can make a significant contribution towards this goal," Koeberle said.
New Zealand Ambassador to Indonesia David Taylor said as another geothermal development country, New Zealand is assisting PGE specifically and Indonesia’s geothermal industry in general.
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By GlobalData"Indonesia is aiming for an impressive expansion of geothermal development, and PGE is leading this charge", Taylor added.
PGE president director Slamet Riadhy said the company cannot understate the importance of receiving this support from the World Bank and the Government of New Zealand during this critical time of transition and growth.
"Together, we can meet our obligations to Indonesia in developing our natural geothermal resources," Riadhy said.
PGE will use the grant from New Zealand to improve its capacity through training, knowledge transfer and capacity building designed to strengthen its institutional capabilities.
PGE is a subsidiary of PT Pertamina (Pereso), mandated by the government to develop 15 geothermal business working areas in Indonesia.
