VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Pertamina Geothermal Energy (PGE) signed a Confidentiality Agreement (CA) memorandum with the Turkish energy company, Kipaş Holding last Saturday (3/2). Both energy companies have agreed to start cooperation in the energy sector in the geothermal sector. The signing of the agreement was carried out by Julfi Hadi as President Director of PGE and Mehmet Sisman from GM Kipaş Holding, witnessed by Indonesian Ambassador to Turkey, Achmad Rizal Purnama in Istanbul.

The Indonesian Embassy in Ankara has facilitated PGE's efforts to seek potential cooperation in geothermal exploration and operation with several energy companies in Turkey. Various meetings have been held to find the right potential partners. In the previous initial meeting, PGE and Kipaş Holding were interested in carrying out exploration cooperation in Turkey and Indonesia, and even opened up the possibility of joint investment in third countries. Apart from Kipaş Holding, Ambassador Rizal also facilitated PGE to meet with several other energy companies.

According to PGE President Director, Julfi Hadi, in Turkey PGE also met with several top energy companies. He hopes that in the near future, he can find 1 or 2 more potential partners for investment in Turkey.

The main factor that Pertamina Geothermal Energy (PGE) is considering collaborating with Turkey is that the country has large geothermal energy potential. As the fourth country with the largest geothermal potential in the world, Turkey is also attractive to investors because it has a feed-in-tariff policy. This is in the good faith of the Turkish government to assure investors in the geothermal energy sector of long-term regulatory certainty and competitive price incentives.