Danantara, Indonesia’s sovereign wealth fund, has announced its readiness to invest in the development of priority geothermal energy projects spearheaded by PT Pertamina Geothermal Energy Tbk (PGE).
As part of its commitment to the country’s energy transition, Danantara aims to support the development of up to 3 gigawatts (GW) of geothermal capacity—more than half of the 5.2 GW target outlined in state electricity firm PT PLN’s 2025–2034 Electricity Supply Business Plan (RUPTL).
Danantara CEO Rosan Roeslani revealed that the fund is currently in discussions with PGE to formalize their partnership through a Head of Agreement (HoA) and a Memorandum of Understanding (MoU).
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“Together with President Director Mr. Julfi Hadi, Director of Exploration and Development Mr. Edwil Suzandi, and Director of Finance Mr. Yurizki Rio, we are discussing plans to sign the HoA and MoU for key geothermal projects, so they can be immediately incorporated into our investment execution pipeline,” Rosan shared via his personal Instagram account on Tuesday (June 24).
He emphasized that the collaboration marks an important step in accelerating Indonesia’s transition to sustainable energy. The partnership is also expected to generate a significant multiplier effect in downstream energy sectors and contribute to national green economic growth.
“The development of up to 3 GW of geothermal capacity was the central focus of our meeting with the PGE board of directors at Danantara’s office,” Rosan added.
Editing by Reiner Simanjuntak
