Pertamina NRE and ACWA Power Collaborate to Support Tuban Grass Root Refinery

Bali, Indonesia, 14 November 2022 – Pertamina New & Renewable Energy (Pertamina NRE),  and ACWA Power signed joint development agreement (JDA) on Core utilities Supply to Tuban Grass root Refinery & Petrochemical Project on November 13.

The signing ceremony took place in B20 Summit. The agreement was signed by Dannif Danusaputro as the CEO of PNRE and Paddy Padmanathan as the President and CEO of ACWA Power, and witnessed by Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, Indonesian Chairman of Chamber of Commerce and Industry Arsjad Rasjid, Chair of B20 Indonesia Shinta Kamdani, and CEO & President Director of Pertamina Nicke Widyawati. 

The scope of JDA comprises development of power generation with capacity of 575 MW, steam generation with capacity of 3,288 tonnes per hour, and water desalination plant with capacity of 12,000 tonnes per hour. These are to supply to Tuban Grass Root Refinery and Petrochemical (GRR&P), the project of PT Pertamina Rosneft Pengolahan & Petrokimia (PRPP). Located in Tuban Tuban, GRR&P project is one of Indonesia’s national strategic project in the context of building national energy security and advancing the domestic petrochemical industry 

“This is a strategic collaboration where Pertamina NRE will take part in supporting Tuban GRR&P project that will play a key role in building national energy security. It is very exciting that we are going to support Tuban GRR&P project with providing low carbon solutions,” said Dannif Danusaputro, CEO of Pertamina NRE. “And having a reputable strategic partner is very crucial in terms of technology transfer. We believe with ACWA Power this collaboration will create a significant value,” he added.

“With climate change implementation strategies at the top of the global consciousness, an integrated approach that can enable decarbonization in a responsible and reliable way is key to mitigating the impact of carbon intensive industries,” said Paddy Padmanathan, Vice Chairman and Chief Executive Officer, ACWA Power. “As a company that this driving the transition, we look forward to collaborating with Pertamina NRE, utilising our extensive renewables and water desalination development expertise to deliver successful outcomes.” he added

The power generation that is provided from this project is part of low carbon solutions. Developing low carbon solutions is one of Pertamina NRE’s business focuses, along with renewable energy development, and building future businesses. As subsidiary of Pertamina, Pertamina NRE is at the front for building green businesses and developing decarbonization initiatives. It also remains committed to support national net zero emissions by 2060.

While, ACWA Power has a mission to reliably deliver electricity and desalinated water at a low cost, thereby contributing effectively to the sustainable, social and economic development of communities and countries.

About Pertamina NRE

Pertamina New & Renewable Energy (Pertamina NRE) is a subsidiary of PT Pertamina (Persero), Indonesia’s largest energy company, comprised of four business entities: PT Pertamina Geothermal Energy (subsidiary), PT Jawa Satu Power (affiliate), PT Jawa Satu Regas (affiliate), and PT Industri Baterai Indonesia. Its business focuses on clean energy development. It is highly committed to support Indonesia’s net zero emission 2060 through energy transition and to implement ESG.

About ACWA Power

ACWA Power (TADAWUL:2082) is a developer, investor and operator of power generation, desalinated water and green hydrogen production plants. Registered and established in 2004 in Riyadh, Saudi Arabia; ACWA Power employs over 3,900 people and is currently present in 13 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 67 assets in operation, advanced development, or construction with an investment value of SAR 249.2 billion, with capacity to generate 42.7 GW of power and produce 6.2 million m3/day of desalinated water per day, delivered on a bulk basis to address the needs of state utilities and industries on long term, off-taker contracts under utility services outsourcing and Public-Private-Partnership models.

ACWA Power’s mission is to deliver electricity and desalinated water reliably and responsibly at a low cost, thereby contributing effectively to the sustainable, social and economic development of communities.