Pertamina Geothermal Energy (PGEO)
IDX 
Summary
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Pertamina Geothermal Energy Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Yulfi Hadi CEO | IDX Exchange | ID1000186505 ISIN |
| ID Country | 502 Employees | 22 Oct 2014 Last Dividend | - Last Split | - IPO Date |
Overview
PT Pertamina Geothermal Energy Tbk (PT Pertamina Geothermal) is a prominent player in the geothermal energy sector, focusing on both the upstream and downstream aspects of this renewable energy source. Founded in 2006 and based in Central Jakarta, Indonesia, the company has established a significant presence not only domestically but also on an international scale. As a subsidiary of PT Pertamina Power Indonesia, PT Pertamina Geothermal Energy Tbk is at the forefront of Indonesia's push towards sustainable and eco-friendly energy solutions, leveraging the country's vast geothermal potential to meet energy demands while contributing to environmental conservation.
Products and Services
- Geothermal Energy Development
This service involves the exploration, development, and exploitation of geothermal resources to produce clean and sustainable energy. PT Pertamina Geothermal Energy Tbk utilizes state-of-the-art technology and practices to harness the natural steam and hot water from the earth, which can then be used to generate electricity or for direct heating purposes. This contributes significantly to reducing greenhouse gas emissions and dependence on fossil fuels.
- Electricity Generation
Through the construction and operation of geothermal power plants, the company converts geothermal energy into electricity. These power plants are strategically located in geothermal-rich areas across Indonesia and possibly in other countries, providing a reliable and renewable source of power for local and national grids. This service directly addresses the increasing demand for electricity while ensuring environmental sustainability.
- Environmental Management and Conservation
As part of its commitment to sustainability, PT Pertamina Geothermal Energy Tbk implements comprehensive environmental management and conservation practices in all its projects. This includes measures to preserve biodiversity, protect water resources, and manage waste effectively. The company's approach ensures that the development of geothermal resources does not come at the expense of the environment, aligning with global efforts to combat climate change.
