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Pertamina Geothermal Energy Tbk Highlights Its Commitment To Sustainability During PertaminaInvestorDay2024

Pertamina Geothermal Energy Tbk (PGE) actively maintains continuous relationships with strategic stakeholders, especially investors. Through Pertamina Investor Day 2024 with the theme "Optimizing Sustainable Growth," PGE demonstrates excellence in sustainability initiatives in its business operations, making the Company potentially a driving force for the transformation of the Pertamina Group towards sustainability.

Pertamina Investor Day is an interaction event between investors and the Pertamina Group through various agendas, such as earning calls, dialogue forums, and visits to several Pertamina operational areas, including the PGE Lahendong Area.

During the delegation visit agenda of Pertamina Investor Day at the PGE Lahendong Area accompanied by a sustainability dialogue event, PT Pertamina (Persero) Finance Director Emma Sri Martini emphasizes the importance of collaboration between the government, stakeholders, and the Company in advancing an ecosystem of policies that are friendly towards new and renewable energy, especially geothermal.

"Geothermal is the future, not only for the Pertamina Group but also for Indonesia. We need to unlock the potential of these abundant resources. Let's together advance the investment policy climate towards a better direction, which is towards the transition to clean energy.

Great appreciation to PGE Lahendong Area for supporting long-term sustainable growth, which is not only good for the environment and society but also a good investment opportunity," said Emma Sri Martini during the discussion opening the site visit agenda at Four Points Hotel, Manado (21/6).

On the second day (22/6), the delegation visited the Lahendong Geothermal Working Area (WKP) which has a production capacity of up to 120 MW from 6 Geothermal Power Plants (PLTP) contributing up to 30% to the electricity needs of North Sulawesi and Gorontalo (Sulutgo).

After that, the delegation had the opportunity to visit the Lao-Lao Geothermal Park, which is the first hot spring pool in Indonesia that directly utilizes geothermal energy. This shows that geothermal energy not only has great potential as the backbone of green energy in the national energy transition, but also can drive the tourism industry beyond electricity.

PGE Lahendong Area also plans to develop its business through various initiatives for new sources of income, such as adding units projected to increase capacity to 150 MW in 2026 and 200 MW in 2029, as well as new business schemes through strategic partnerships.

Furthermore, several initiatives, such as process heat & geo-agribusiness, Lao-Lao Geothermal Park, and green hydrogen, will contribute as new sources of income for the Company.

Moreover, PGE is developing a Green Ecosystem to support ESG goals through various CSR programs, such as the MapalusTumompaso program in the PGE Lahendong Area.

The implementation of the Green Ecosystem itself has successfully reduced waste by 16.3 tons per year and lowered emissions by 4,654.7 tons of CO2 per year. The commitment to ESG through various initiatives in the PGE Lahendong Area is proven by achieving the Gold PROPER in 2023.

PGE Finance Director, Yurizki Rio, emphasized that PGE's various initiatives in upholding ESG aspects are proactive steps by the Company to optimize new and renewable energy sources, reduce emissions, and implement responsible operational practices."The renewable energy sector, especially geothermal, is a potential investment opportunity for a greener future. PGE not only supports the national zero-emission aspirations, but also empowers communities and positively and sustainably protects the environment," said Yurizki Rio.

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Tag: Pertamina Geothermal Energy Tbk PertaminaInvestorDay2024