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Indonesia to Expand Geothermal Capacity: Antara

PGE, a unit of state power giant Pertamina, is planning to issue its own green bonds in the first half of next year


Pertamina
Vapour rises from Star Energy's geothermal power plant in Wayang Windu, West Java province. Photo: AFP

 

Indonesia’s Pertamina Geothermal Energy (PGE) plans to expand its installed capacity from geothermal power plants in order to make a higher contribution to the reduction of greenhouse gas emissions, state news agency Antara reported.

“Our expansive plan will help Indonesia to achieve [its] net zero emission target by 2060,” chief financial officer Nelwin Aldriansyah said during a discussion at the UN Global Compact on business initiatives for climate-change action.

PGE is planning to issue its own green bonds in the first half of next year. Its holding company Pertamina also plans to issue green bonds in 2022.

Read the full report: Antara

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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