Genvia’s Post

🌋 𝐏𝐆𝐄 𝐒𝐡𝐢𝐟𝐭𝐬 𝐆𝐞𝐚𝐫𝐬: 𝐒𝐨𝐫𝐢𝐤 𝐌𝐚𝐫𝐚𝐩𝐢 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧 𝐃𝐢𝐬𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 IDX-listed geothermal power producer PT Pertamina Geothermal Energy Tbk (PGE) has announced a significant change in its expansion strategy. The company is discontinuing its plans to acquire the Sorik Marapi geothermal block, opting instead to focus on organic growth through its existing assets. #PGE also aims to boost its installed capacity to 1 GW within two years, leveraging its current portfolio of 13 concessions. What are your thoughts on #PGE's decision and its potential impact on the country's renewable energy goals? Share your insights below! 💡 Read the full story on #Petromindo: https://lnkd.in/ejZAta-A #GeothermalEnergy #RenewableEnergy #IndonesiaEnergy #EnergyStrategy #CleanPower #SorikMarapi #SustainableDevelopment #EnergyTransition #RenewableInvestment #PertaminaGeothermalEnergy #PetromindoInsights Petromindo: Your 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚'𝐬 𝐄𝐧𝐞𝐫𝐠𝐲, 𝐎𝐢𝐥, 𝐚𝐧𝐝 𝐌𝐢𝐧𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫𝐬. 🏭🔍 Explore our industry-leading publications, maps, and reports at www.petromindo.com

🚀 𝐏𝐞𝐫𝐭𝐚𝐦𝐢𝐧𝐚'𝐬 $𝟐.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐆𝐚𝐦𝐛𝐢𝐭: 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚'𝐬 𝐆𝐞𝐨𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧! 🌋💰 Indonesia's NRE developer, Pertamina New & Renewable Energy is supercharging PT Pertamina Geothermal Energy Tbk (PGE) with a $2.5 billion investment! This powerhouse move aims to skyrocket renewable energy capacity from 2.5 GW to a whopping 6 GW by 2029. Nelwin Aldriansyah, Finance Director of Pertamina #NRE, reveals: "The budget will be allocated to various projects, with approximately $2.5 billion earmarked for #PGE. The remaining funds will support other clean energy projects, including gas to power, solar power, combined cycle, green hydrogen, and bioethanol initiatives." But that's not all! PGE is going global, setting its sights on #Turkey's sizzling geothermal market and inking deals in #Kenya. Is Indonesia about to become a world leader in geothermal energy? 🌍🔥 Curious about the seismic shifts in Indonesia's energy landscape? Read the full article on: https://lnkd.in/gMWxGn8u Stay ahead of the energy curve with Petromindo - your premier source for breaking news and expert analysis in the Indonesian energy sector. Subscribe now for exclusive insights that power your decisions! #IndonesiaGeothermal #CleanEnergyInvestment #PertaminaNRE #GlobalEnergyTransition #RenewableExpansion #PetromindoExclusive

Geothermal Energy: Indonesia’s Undervalued Gem Despite its vast geothermal reserves, Indonesia has only tapped into 11% of its potential. Geothermal energy, with its superior base load capacity of 80%, far surpasses other renewable energy sources and is pivotal to the nation’s energy security goals. Why is this resource underutilized, and how can we unlock its potential to align with President Prabowo Subianto’s Asta Cita agenda? As Pertamina’s Senior Vice President of Strategy and Investment, I addressed this challenge at the 3rd Pertamina Energy Dialog 2024. My key points included: Geothermal’s unique ability to support base load energy demand, making it indispensable for sustainable development. Pertamina Geothermal Energy’s readiness to lead the way, leveraging the latest technologies and innovative business models. The need for cross-sector collaboration to drive policy alignment, investment, and knowledge-sharing for faster deployment. Geothermal energy is not just a resource—it’s a national asset. By focusing on its development, we can ensure energy resilience and position Indonesia as a leader in global sustainability efforts. #pertamina #dualgrowthstrategy #renewables #geothermal #pge

🌋 𝐆𝐞𝐨𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐆𝐢𝐚𝐧𝐭'𝐬 𝐄𝐱𝐩𝐥𝐨𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: 𝐏𝐆𝐄'𝐬 𝟗𝟔𝟓 𝐌𝐖 𝐏𝐨𝐰𝐞𝐫 𝐏𝐥𝐚𝐲! 💥 PT Pertamina Geothermal Energy Tbk (IDX: PGEO) is about to shake up the energy landscape with an ambitious plan to add a whopping 965 MW of geothermal power capacity by 2032. But that's not all! PGE is cooking up a storm with 19 co-generation projects, set to inject an additional 230 MW between 2025 and 2030. Plus, they're eyeing expansion through acquisitions both at home and abroad.🌏 Dive into the full story here: https://lnkd.in/gu53x5b3 Don't miss out on the latest energy industry insights! Subscribe to Petromindo's newsletter for exclusive updates, and check out our range of specialized books, magazines, maps, and reports. Stay ahead of the curve in the ever-evolving world of energy! 📚🗺️ #GeothermalEnergy #GeothermalExpansion #IndonesiaRenewables #PGEExpansion #PGEOGrowth #CleanEnergyIndonesia #SustainablePower #PetromindoInsights #EnergyTransitionID What's your take on PGE's ambitious plans? Could this be the push Indonesia needs for a greener future? Share your thoughts in the comments below! 💬👇

Massive Interest in Nage Geothermal Area - A Major Boost for Renewable Energy in NTT! 🌋⚡ Seven major business entities have shown keen interest in reviewing data for the highly sought-after Nage Geothermal Work Area (WKP) located in Ngada, East Nusa Tenggara (NTT) Province, Indonesia! 🔥💰 Director General of Indonesia's Ministry of Energy and Mineral Resources (ESDM), Eniya Listiani Dewi, highlighted that this interest reflects confidence in the competitive geothermal electricity prices in the region. Read the full article on #Petromindo: https://lnkd.in/g9UahV-9 Stay updated with the latest industry news by subscribing to Petromindo's newsletter. #GeothermalEnergy #NageTender #EastNusaTenggara #IndonesiaRenewables #PetromindoNews #SustainableDevelopment #BusinessGrowth #IndonesiaEnergy

Sumitomo Corporation's Track Record of Geothermal Power Projects.   #SumitomoCorporation group has established a solid track record in the #GeothermalPower generation field.  We have been involved in 33 projects in 8 countries, supplying equipment and EPC (Engineering, Procurement, and Construction) with a total generation capacity of 2,700 megawatts ̶ equivalent to 17% of the global market share in geothermal power generation capacity.   Our strengths lie in delivering stable energy solutions through our strong partnership with FUJI ELECTRIC CO., LTD.（富士電機株式会社）, a leading manufacturer of steam turbines for geothermal power plants. Through our extensive experience of working in challenging geothermal environments, we have developed a deep understanding of local communities and can provide tailored project #management.   In #Indonesia alone, we have been involved in a total of 12 projects (with a total power generation capacity of approximately 900 megawatts) for equipment supply and EPC, which accounts for approximately 40% of the country's total geothermal power generation capacity.  We continue to contribute to the Indonesian government's geothermal energy development plan.   Furthermore, in 2011, we participated in the Muara Laboh geothermal power project in Indonesia as an Independent Power Producer (IPP) from the initial stages of the project, taking on the role of owner of the generating facility to continuously supply electricity.   Leveraging our extensive experience in geothermal EPC and the expertise gained from other IPP projects, we successfully commenced commercial operations of the project in 2019.   We are currently advancing the expansion project of the Muara Laboh geothermal power project and developing other new geothermal power projects in Indonesia.   Sumitomo Corporation is committed to advancing the #future of #SustainableEnergy through both EPC projects and IPP projects.

In the first quarter of 2024, PT Pertamina Geothermal Energy Tbk (PGE) continued to exemplify excellence in the green energy sector. Reporting significant profitability, PGE surpassed its targets with revenues reaching US$103.32 million and a net profit of US$47.49 million, highlighting a robust net profit margin of 46%. This performance not only reflects PGE's operational excellence but also its strategic role in advancing Indonesia's energy transition aligned with national sustainability goals. Our initial investment in green energy, marked by INA's participation in PGE's IPO early last year, signifies our proactive stride into the green energy landscape. Learn more about how strategic investments like these are pivotal in steering Indonesia towards a sustainable energy future: https://lnkd.in/gZbuwhS5 #GreenEnergy #SustainableInvestment #Indonesia #INA

🌱 Indonesia’s Bold Renewable Energy Goals 75 GW of renewable energy planned in 15 years. As part of its ambitious roadmap to achieve carbon neutrality by 2060, Indonesia is leveraging its vast geothermal potential to drive renewable energy growth. This initiative positions Indonesia as a leader in sustainable energy development. 📘 Explore the full story in Bryan Greuter's article: "Geothermal Energy Gains Global Momentum: A Key to Fueling the Industry" https://lnkd.in/gs66ssN2 🌍 Partner with TNG Energy Services for innovative well operations: 🔗 Connect with us on LinkedIn: https://lnkd.in/gqQhGF5D 👉 Learn more about our solutions: www.tngenergyservices.com 📧 Contact us: sales@tngenergyservices.com 📱 Or text us: +1 (661)-323-7031 💡 What renewable energy projects inspire you the most? Let’s discuss in the comments! Calpine Ormat Technologies, Inc. KenGen Kenya PT Pertamina Geothermal Energy Tbk Contact Energy Ltd Anadarko Petroleum Corporation Chevron Silicon Valley Power Mitsubishi Materials USA Corp Sumitomo Corporation Toshiba Energy Systems & Solutions Corporation Stadtwerke München GmbH #RenewableEnergy #GeothermalGrowth #Sustainability #EnergyTransition #CarbonNeutrality 🌍

🌱 Indonesia’s Bold Renewable Energy Goals 75 GW of renewable energy planned in 15 years. As part of its ambitious roadmap to achieve carbon neutrality by 2060, Indonesia is leveraging its vast geothermal potential to drive renewable energy growth. This initiative positions Indonesia as a leader in sustainable energy development. 📘 Explore the full story in Bryan Greuter's article: "Geothermal Energy Gains Global Momentum: A Key to Fueling the Industry" https://lnkd.in/gNT5hf3d 🌍 Partner with TNG Energy Services for innovative well operations: 🔗 Connect with us on LinkedIn: https://lnkd.in/g5XHWb3m 👉 Learn more about our solutions: www.tngenergyservices.com 📧 Contact us: sales@tngenergyservices.com 📱 Or text us: +1 (661)-323-7031 💡 What renewable energy projects inspire you the most? Let’s discuss in the comments! Calpine Ormat Technologies, Inc. KenGen Kenya PT Pertamina Geothermal Energy Tbk Contact Energy Ltd Anadarko Petroleum Corporation Chevron Silicon Valley Power Mitsubishi Materials USA Corp Sumitomo Corporation Toshiba Energy Systems & Solutions Corporation Stadtwerke München GmbH #RenewableEnergy #GeothermalGrowth #Sustainability #EnergyTransition #CarbonNeutrality 🌍