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Pertamina plans to invest $12b in new, renewable energy by 2026
The energy transition overseen by Pertamina is a key element in the government’s plan to reduce national greenhouse gas emissions by 29 percent by 2030.
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‘Green’ fuel: Pertamina president director Nicke Widyawati (left) and Industry Minister Agus Gumiwang Kartasasmita visit the Dumai refinery in Riau on July 17, 2020. Pertamina produces palm oil-based diesel fuel at the refinery. (Courtesy of/Pertamina)
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tate-owned oil and gas company Pertamina says it needs to invest US$12 billion to meet its target of generating 10 gigawatts of electricity from new and renewable energy sources by 2026.
"Pertamina supports the government’s plan to reduce greenhouse gas emissions and achieve net-zero by 2060,” Dannif Danusaputro, the CEO of Pertamina’s new and renewable energy subholding company, was quoted as saying in a press release on Thursday.
Pertamina conducts its renewable energy business through a subholding comprised of three entities: PT Pertamina Geothermal Energy (PGE), PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR).
The energy transition overseen by Pertamina is a key element in the government’s plan to reduce national greenhouse gas emissions by 29 percent by 2030.
Thursday’s statement adds that the company is set to lead Indonesia’s energy transition through clean energy innovation.
Indonesia accounts for around 40 percent of the total energy used in ASEAN and is one of the countries with the fastest growth in energy consumption, according to the International Renewable Energy Agency (IRENA).
Read also: Indonesia needs renewable energy law to pave way for cleaner energy
