Deals Counterparts

PLN and Pertamina to Collaborate on Geothermal Development

Jv Geothermal announced Indonesia Oct 26, 2025
530 MW
Capacity
development
Stage

PLN and Pertamina Geothermal Energy (PGE) agreed to collaborate on geothermal development projects in Indonesia. The collaboration aims to accelerate the development of geothermal energy to support Indonesia's energy transition goals.

Source Intelligence

KEY DETAILS

Priority projects include the Ulubelu and Lahendong Bottoming Units, with 30 MW and 15 MW capacity, respectively, contributing to PGE’s target of reaching 1 GW in 2–3 years.

Capacity
co-develop 19 geothermal energy projects with a combined capacity of 530 MW
Location
Indonesia
Announcement
August 11, 2025
PARTIES MENTIONED IN SOURCE
P
PT Pertamina developer

"PT Pertamina and PT PLN have signed an agreement to co-develop 19 geothermal energy projects"

P
PT PLN developer

"PT Pertamina and PT PLN have signed an agreement to co-develop 19 geothermal energy projects"

P
PT Pertamina Geothermal Energy (PGE) developer

"A heads of agreement was also signed by subsidiaries PT Pertamina Geothermal Energy (PGE) and PT PLN Indonesia Power (PLNIP) to pursue Independent Power Producer (IPP) projects."

P
PT PLN Indonesia Power (PLNIP) developer

"A heads of agreement was also signed by subsidiaries PT Pertamina Geothermal Energy (PGE) and PT PLN Indonesia Power (PLNIP) to pursue Independent Power Producer (IPP) projects."

high quality Enriched Feb 19, 2026

Timeline

Announced
Oct 26, 2025
Signed
Closed

Market Context

This deal is part of the Geothermal sector in Indonesia.
28
Geothermal deals
16
deals in Indonesia
1 of 28 Geothermal deals tracked this month · Updated daily

Stay informed

Weekly infrastructure deal intelligence — PPAs, acquisitions, data centers, and more.

Subscribe to Newsletter