Pertamina NRE Is To Support Bangladesh's Energy Transition
Dhaka, July 16, 2024 - Pertamina New & Renewable Energy (Pertamina NRE) and Coal Power Generation Company Bangladesh Limited (CPGCBL) have officially signed a Memorandum of Understanding (MoU) of 500 MW grid-connected solar PV project at Moheshkhali area of Cox’s Bazar or any other suitable/available land in the country. The MoU, which is subject to the results of a feasibility study, also includes the establishment of supporting facilities and lays the groundwork for additional cooperative ventures based on mutually agreed terms and conditions. This MoU signing is the follow up of G2G MoU signed between Indonesia and Bangladesh in 2017.
This MoU marks a significant stride towards enhancing sustainable energy solutions and advancing renewable energy infrastructure in Bangladesh. The MOU was signed by Abul Kalam Azad, Managing Director of CPGCBL, and Fadli Rahman, Acting Chief Executive Officer of Pertamina NRE, in a ceremony held at the Crystal Ballroom, Hotel Intercontinental, on 15th July. The signing was also witnessed by Nelwin Aldriansyah, Chief Financial Officer of Pertamina NRE.
“We are very delighted at the signing between CPGCBL and Pertamina NRE. CPGCBL is a reputable power company in Bangladesh. And Pertamina NRE has a capability and experiences in managing clean energy portfolios. I believe this strategic partnership lays the foundation for a collaboration that will not only enhance our operational capabilities, but also foster growth, innovation, mutual success, as well as will support Bangladesh’s national energy security,” said Nelwin Aldriansyah.
“This MoU will significantly help us to achieve the Integrated Energy and Power Master Plan (IEPMP) target on Renewable Energy.” said by Senior Secretary, Power Division of CPGCBL.
Coal Power Generation Company Bangladesh Limited (CPGCBL), an enterprise of the Government of the People's Republic of Bangladesh, was established as a public limited company under the Companies Act 1994 on 5th September 2011. The primary business objective of CPGCBL is to generate electricity. As outlined in its Memorandum of Association, the company is mandated to undertake schemes for constructing power plants under the Private Sector Power Generation Policy of Bangladesh, Public-Private Partnership (PPP) Policy, or any other policy framework of the government.
To Bangladesh, the MoU signing represents a significant milestone in the journey towards a sustainable energy future for Bangladesh. They expressed their honor for having partnership with Pertamina NRE, a member of PT Pertamina (Persero), a Fortune 500 company. This partnership is poised to bring about substantial advancements in the renewable energy sector, contributing to the country's energy security and environmental sustainability.
Vice President Corporate Communication of PT Pertamina (Persero) Fadjar Djoko Santoso added, the partnership is one of its initiatives to expand its business globally. "We support this expansion, which in line with Pertamina NRE competency in new and renewable energy. As a subholding, Pertamina NRE shows its commitment to upscale their business independently," said Fadjar.
Today it operates more than 2.7 Gigawatt power plant portfolio which includes gas to power, solar PV, geothermal, and biogas. Pertamina NRE is committed to investing in innovative technologies and infrastructure to support the energy transition. The company's collaboration with strategic partners underscores its dedication to fostering both national and international partnership that contribute to just energy transition aiming to achieve SDGs, as well as to support national energy security.
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.