Friday, December 13, 2024

Pertamina explores renewable energy investment opportunities in Africa

Reading Time: 2 minutes
Imanuddin Razak

Journalist

Editor

Interview

Pertamina New Renewable Energy (NRE) has expressed its interest in investing in gas-based and renewable energy (RE) electricity provision in Africa. The plan was announced by Pertamina NRE CEO Dannif Danusaputro during his visit to South Africa on Friday, August 25th.

Pertamina is one of the state-owned enterprises (BUMN) that joined President Joko Widodo’s work visit to African countries, including Kenya, Tanzania, Mozambique, and South Africa, on August 20, 2023.

During this visit, Pertamina NRE, a subsidiary of Pertamina focusing on clean energy, identified various business prospects, including gas-based power generation and RE.

“We hope to collaborate on investments with local partners. On the downstream side, Pertamina NRE has the potential to utilize the natural gas produced for electricity generation,” Dannif stated in an official release on Wednesday, August 30, 2023.

Exploring solar energy

Dannif highlighted that they’ve identified a significant demand for electricity in Africa, particularly for solar energy. He noted that South Africa, in particular, has favorable regulations in place.

He mentioned that several African countries are the target of Pertamina NRE’s interest. Specifically, South Africa has a solar energy potential of up to 100 megawatts (MW).

Previously, Pertamina had signed a memorandum of understanding with GUMA, a local company specializing in investment and infrastructure development in Africa, for cooperation in Kenya, South Africa, and the Democratic Republic of the Congo.

This commitment involves cooperation in gas pipeline development, gas power plant development, and the establishment of electricity export facilities to South Africa, all of which will involve Pertamina NRE.

Strengthening national energy security

Vice President of Pertamina, Fadjar Djoko Santoso, stated that Pertamina is bringing several sub-holdings to explore collaboration potential in Africa. He hopes that this collaboration will strengthen national energy security while realizing the company’s role as a global energy corporation.

“We are open to all business collaboration opportunities that have a positive impact on Pertamina and the country,” he emphasized.

Fadjar also noted that, in addition to Gas and Steam Power Plants (PLTGU) and Solar Power Plants (PLTS), Africa also has geothermal energy resources that could be a potential investment destination for Pertamina NRE.

As a result, on Tuesday, August 22, 2023, Pertamina NRE subsidiary PT Pertamina Geothermal Energy Tbk. (PGE) signed a memorandum of understanding with Africa Geothermal International No 1 Limited (AGIL No 1) for geothermal development in the Longonot concession in Kenya. AGIL is a Kenyan company involved in geothermal development.

Imanuddin Razak

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

State power utility PT PLN has announced that its floating solar power plant (PLTS) in collaboration with HK based GD Power at the Karangkates Reservoir in East Java will commence operations by 2026.
The Ministry of Energy and Mineral Resources (ESDM) has confirmed that the draft National Electricity General Plan (RUKN) for 2024–2060 is aligned with the government’s ambitious economic growth target of 8 percent.
Indonesia is making significant strides toward developing nuclear power as part of its long-term energy strategy, with regulatory studies and preparations for Nuclear Power Plants (PLTN) establishment underway.
PT PLN Indonesia Power, in collaboration with Saudi investors, is set to develop a Floating Solar Power Plant (PLTS) in Lake Singkarak, Tanah Datar regency, West Sumatra, with an investment of Rp50 trillion (US$3.15 billion).
The Purnomo Yusgiantoro Center (PYC), an energy think tank, has emphasized that the development of bioethanol is not only a solution for energy security, but also offers significant opportunities for agricultural innovation.
The Institute for Essential Services Reform (IESR) has expressed concerns over the 2021-2030 Electricity Supply Business Plan (RUPTL), which is being touted as a “green” plan, stating that it has not made significant progress toward meeting its renewable energy targets.