Saturday, November 16, 2024

Pertamina and Guma to develop steam gas power plant in South Africa

Reading Time: 2 minutes
Gusty da Costa

Journalist

Editor

Interview

Indonesia’s Pertamina New and Renewable Energy (Pertamina NRE) and Africa’s conglomerate Guma Group signed a joint study agreement (JSA) on potential development of gas to power in South Africa.

The signing of the JSA was held on the sidelines of the Indonesia-Africa Forum (IAF) in Bali on Monday, September 2, 2024 by Chief Executive Officer of Pertamina NRE, Jhon Anis, and Executive Chairman of Guma, Robert Gumede, and were witnessed by Jodi Mahardi, Deputy for Maritime and Energy Sector at the Coordinating Ministry of Maritime Affairs and Investment and President Director of PERTAMINA Nicke Widyawati.

The cooperation aims to deepen and conduct joint studies in an effort to develop gas to power in South Africa. This step is also part of Pertamina NRE’s commitment to expand globally, especially in the field of gas to power as an initial medium for energy transition and efforts to continue to reduce the rate of carbon emissions.

“I am pleased to be here and witness the collaboration between Pertamina NRE and Guma. I hope this cooperation will continue to concrete actions that will have positive impact on both parties,” Jodi said in his speech.

This collaboration is considerably a concrete form of “south-south” cooperation, which is the spirit of the Indonesia – Africa Forum initiated by the Indonesian government, starting with the state visit of the President of the Republic of Indonesia to Africa in August 2023 to explore the potential for collaboration between Indonesia and Africa. Afterwards, on November 17, 2023, Pertamina signed its first MoU with Guma.

The success in completing and operating the mega project of the Java-1 Steam Gas Power Plant (PLTGU) is a major capital of Pertamina NRE that it is trusted by global partners to carry out similar technology development. PLTGU Jawa-1 is even the largest steam, gas power plant in Southeast Asia today with the latest combine cycle technology.

“With abundance of experience, especially the success at Jawa-1, Pertamina NRE is the right partner for Guma to develop a clean energy ecosystem in South Africa. At the same time, this is Pertamina NRE’s journey to support the mission of world countries to achieve net zero emissions,” John Anis said.

Vice President for Corporate Communication of PT Pertamina, Fadjar Djoko Santoso, said that Pertamina encourages subholding expansion in the international market.

“Establishing partnerships will encourage the improvement of Pertamina NRE’s expertise and experience in the clean energy industry on a global scale,” Fadjar said.

Gusty da Costa

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

Deputy President Director of PT Bank Central Asia (BCA), Armand Hartono, emphasizes the importance of investment and business diversification as the main strategy to maintain business continuity, a principle he inherited from his father Robert Budi Hartono, who is also known as the boss of the Djarum Group.
The statement by Chairman of The Federal Reserve (The Feds), Jerome Powell, that the U.S. central bank will cut interest rates gradually and carefully in the next few months sends a positive signal for the Indonesian banking sector.
Danish pump and water technology manufacturer, Grundfos, inaugurated on Thursday, November 14, 2024 its US$2 million submersible pump factory in Jakarta, equipped with large-scale assembly and testing line, allowing for increased local content, accelerated production, and distribution.
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) and the Indonesian Central Bank (BI) signed a Cooperation Agreement (PKS) on financial sector licensing in Jakarta on Wednesday, November 13,2024.
The shareholders’ meeting of State power utility PT PLN on Thursday, November 14, 2024, appointed four new Commissioners and extended the terms of two Directors − Darmawan Prasodjo as President Director and Sinthya Roesly as Finance Director.
President Director of PT Bank Negara Indonesia (BBNI), Royke Tumilaar, has revealed that tight liquidity in the Indonesian banking sector is influenced by various external factors, the prime one is the prospect of US interest rate policy under the Donald Trump administration, which is expected to make it difficult for The Fed to lower interest rates.