Team formed to accelerate work on state geothermal holding

Team formed to accelerate work on state geothermal holding Lahendong geothermal power plant, Indonsia (source: Pertamina Geothermal Energy)
Alexander Richter 7 Apr 2021

Representatives of Pertamina Geothermal Energy, PLN and Geo Dipa Energi, part of team working on foundation of state geothermal holding company in Indonesia.

The Minister for State-Owned Enterprises (BUMN) of Indonesia, Erick Thohir has formed a team to accelerate the development of the geothermal business, so reported by Kontan from Jakarta.

The minister has issued a ministerial degree, establishing the team on March 12, 2021.

The team consisted of a Steering Committee chaired by Erick Thohir. The Deputy Minister of Finance and Deputy Minister of BUMN I are included in the steering committee. Then, there is the Organizing Committee (OC) led by the President Director of PT Pertamina (Persero). The President Director of PT PLN (Persero) and the President Director of PT Geo Dipa Energi (Persero) are members of the OC.

Furthermore, there is a Project Management Office (PMO) chaired by the Director of Strategy, Portfolio & Business Development of PT Pertamina (Persero). Members of the PMO include the Director of Corporate Planning of PT PLN (Persero), the President Director of PT Pertamina Power Indonesia (PPI), the President Director of PT Pertamina Geothermal Energy (PGE) and the Director of Operations and Commerce Development of PT Geo Dipa Energi (Persero).

In the regulation, it is stated that the team’s working period starts from the date of stipulation of this SOE Ministerial Decree, until December 31, 2021. The BUMN Ministerial Decree regulates that, in the event of a change in the task and / or composition of the team membership, it will be carried out by a Ministerial Decree stipulated by the Deputy Minister of BUMN. I on behalf of the Minister of BUMN.

Although it does not directly regulate the matter of establishing a holding company, the SOE Ministerial Decree No.SK-71/2021 appears to be a step towards forming a geothermal BUMN holding. Unfortunately, as of this writing, Deputy Minister I of BUMN Pahala Mansury has not yet answered’s request for confirmation.

Previously, Pahala said that the holding of geothermal SOEs was targeted to be completed this year. This holding consists of PT Pertamina Geothermal Energy (PGE), PT Geo Dipa Energi (Persero), and PT PLN Geothermal. The combined asset of the three is claimed to be the largest in the world in the installed capacity of geothermal plants.

Source: Kontan