Accelerate Expansion, Pertamina NRE Explores Clean Energy Power Generation Investment in South Africa
Johannesburg, August 30, 2023 – Pertamina NRE has expressed interest in investing in gas-based and renewable energy power supply in Africa. It was conveyed by Dannif Danusaputro, the CEO of Pertamina New & Renewable Energy (Pertamina NRE), during his visit to South Africa on Friday (25/8).
Pertamina is one of the state-owned enterprises (SOE) participating in the series of visits by the President of the Republic of Indonesia to Africa, including Kenya, Tanzania, Mozambique, and South Africa, on August 20, 2023. During these visits, several business potentials were identified by Pertamina NRE, a subsidiary of Pertamina focused on clean energy, including gas-based power generation and renewable energy.
"We hope to collaborate on investments with local partners. Downstream, Pertamina NRE has the potential to utilize the produced natural gas for power generation. From our discussions, we have identified that there is still a considerable demand for electricity in Africa. The same goes for renewable energy, especially solar energy, where South Africa already has supportive regulations," Dannif stated.
Dannif added that several countries in Africa are targets for Pertamina NRE. Specifically for South Africa, there is a potential for 100 MW of solar energy. Previously, Pertamina had signed a memorandum of understanding with GUMA, a local company focused on investment and infrastructure improvement in Africa, for collaborative efforts in Kenya, South Africa, and the Democratic Republic of Congo. This commitment relates to gas pipeline cooperation development and optimization, gas-based power generation development, and electric power export facilities to South Africa, involving Pertamina NRE.
Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, also mentioned that Pertamina has brought several sub-holdings to delve into collaborative potentials in Africa. These collaborations are expected to strengthen national energy resilience while realizing the company's role as a global energy enterprise. "We are open to all business cooperation opportunities that positively impact Pertamina and the country," Fadjar explained.
In addition to Combined Cycle Power Plants (PLTGU) and Solar Power Plants (PLTS), Africa also possesses geothermal energy sources that have the potential to be investment targets for Pertamina NRE. On Tuesday (22/8), Pertamina NRE's 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 company in Kenya engaged in geothermal development.
Pertamina NRE continues to seek strategic cooperation opportunities in new and renewable energy development. This initiative aligns with its commitment to support energy transition acceleration. Pertamina NRE also strives to conduct responsible business through environmental, social, and governance (ESG) aspects implementation.
Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**