Tuesday, July 16, 2024

Pertamina NRE-Masdar sign renewable energy cooperation in Indonesia, abroad

Reading Time: 2 minutes
Gusty da Costa




Pertamina NRE and Masdar signed a memorandum of understanding on the development of solar and wind power plants in Indonesia and other countries with potential, on Tuesday, May 21, 2024.

The signing was carried out by Pertamina New & Renewable Energy (Pertamina NRE) CEO John Anis and Masdar Development and Investment Director Abdulla Zayed, and witnessed by Indonesia’s Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan, Minister of Energy and Infrastructure of the United Arab Emirates (UAE) Suhail Mohammed Faraj Al Mazroui, Director General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources Eniya Listiani Dewi, UAE Ambassador to Indonesia Abdulla Salem Al Dhaheri, Indonesian Ambassador to UAE Husin Bagis, and Pertamina CEO Nicke Widyawati.

President Director of Pertamina Nicke Widyawati said that the company encourages all its subholdings to collaborate with partners with mutually beneficial principles.

“With this cooperation, Pertamina NRE can open many opportunities to be more expansive and go global,” Nicke said.

Pertamina NRE CEO John Anis lauded the newly signed cooperation.

“We have similar competencies, can complement each other and are expected to open wider access on a global scale,” he said.

Similarly, Masdar CEO Mohamed Jameel Al Ramahi praised the agreement achieved between the two companies.

“The joint efforts of Masdar and Pertamina NRE will catalyze investments in green hydrogen, solar and wind power, and position Indonesia as a regional leader in the global energy transition,” Mohamed Jameel said.

The Memorandum of Understanding between Pertamina NRE and Masdar includes, among other things, conducting feasibility studies in the development of solar and wind farms, and possibly power to hydrogen. Not only exploring the potential in Indonesia, but also in other countries. The MoU is valid for one year.

Pertamina NRE and Masdar already have a strong relationship, with Masdar investing in PT Pertamina Geothermal Energy, a subsidiary of Pertamina NRE. UAE and Indonesia share the same vision to create sustainable development, one of which is through the development of renewable energy.

John Anis said the cooperation is expected to be one of Pertamina’s manifestations of support for the government to achieve the net zero emission target in 2060.

Pertamina Vice President Corporate Communication, Fadjar Djoko Santoso, added that Pertamina NRE’s work in developing clean energy-based power plants is one of its emission reduction initiative programs.

Gusty da Costa






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


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.


$550 USD/Year


$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.


State-owned construction and investment company PT Pembangunan Perumahan (PP) is set to undertake a significant energy sector project valued at approximately Rp2 trillion (US$123.4 million).
PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, is working on several strategic gas pipeline projects, including the Cisem Phase II project in which PGN will synergize with the government to distribute gas from East Java to West Java.
PT Kilang Pertamina Internasional (KPI), a subsidiary of State oil and gas company Pertamina, is inviting investors to join the Green Refinery Cilacap project, which has completed its first phase construction and is moving forward with Phase 2.
Indonesia’s utilization of geothermal energy has reached just 2.4 gigawatts (GW), a mere 10 percent of its total potential of 23.9 GW that industry players call for clearer regulations and incentives from the government to optimize this significant renewable energy resource.
A senior officer with PT Bank Danamon Indonesia (BDMN) reveals that the bank aims for double-digit loan growth in 2024 upon monitoring positive trend of the bank’s lending so far.
French mining company Eramet SA is in discussions with Zhejiang Huayou Cobalt Co (Huayou) to produce nickel for electric vehicle batteries in Indonesia.