Indonesia’s Commitment to Green Energy Highlighted at New Zealand Geothermal Workshop 2024
Auckland, November 21, 2024 – PT Pertamina Geothermal Energy Tbk (PGE) reaffirmed its commitment to supporting global energy transition through its participation in the New Zealand Geothermal Workshop (NZGW) 2024 held from November 19 to 22 in Auckland, New Zealand.
Key Insights from the Event
During the main session on Wednesday, themed “Geothermal Development in Indonesia: Current and Future Directions,” the CEO of PGE, Julfi Hadi, as the keynote speaker, shared strategic insights on how Indonesia, with the second-largest geothermal potential in the world, can play a key role in the global energy transition and solidify its position as a green energy giant.
Julfi Hadi highlighted Indonesia’s 24 GW geothermal energy potential, with only about 10% currently being utilized. Geothermal energy, as the only renewable energy source with baseload characteristics, plays a vital role in reducing reliance on conventional energy sources in the power system, supporting the achievement of the Net Zero Emissions 2060 target, and strengthening national energy security.
PGE’s Role in Energy Independence
Julfi Hadi emphasized PGE’s strategic position as a leading driver, or main engine, in Indonesia’s efforts to achieve energy self-sufficiency. To maximize its 3 GW reserve potential, PGE has adopted a new paradigm for geothermal development with a more efficient and innovative approach to reduce costs and risks, while accelerating the process from exploration to more economically competitive commercial operations.
Furthermore, Julfi Hadi explained that PGE is currently focusing on three main strategies to accelerate geothermal capacity development. Firstly, PGE continues to innovate by adopting the latest technologies such as electrical submersible pumps (ESP), binary power plant systems, and multilateral wells to enhance operational efficiency and expedite project development.
Maximizing Geothermal Benefits
Secondly, PGE is maximizing the benefits of geothermal energy through green business diversification, including the development of a green hydrogen pilot project in Ulubelu, Lampung, which has the potential to produce up to 107 kg per day to support sustainable transportation and petrochemical industry sectors.
The third strategy involves prioritizing collaboration with global partners while strengthening local capabilities, through technology transfer and capacity-building programs. These efforts aim to accelerate project development efficiently, including domestic manufacturing for key equipment like heat exchangers and locally based operational services.
In addition to contributing to the energy transition, geothermal development also provides significant economic impacts, including job creation and driving green industry downstream. Julfi Hadi emphasized that geothermal energy is a silent hero in the fight against climate change, and by harnessing Indonesia’s vast potential, the country can lead the transition to a greener and more sustainable future.
Conclusion
PGE’s participation in this international forum reflects the company’s commitment to not only be a major player in the national renewable energy sector but also to expand its influence globally. The event, attended by experts and practitioners from various countries, provided a platform for PGE to showcase Indonesia’s excellence in geothermal management and forge strategic partnerships to support broader green energy development.
