Pertamina and petroleum refineries firm develop new geothermal project

Way Ratai Geothermal Working Area cover 70,710 hectares of geothermal energy.

PT Pertamina Geothermal Energy Tbk. (PGE) and Chevron New Energies Holdings Indonesia Ltd. (Chevron) joined hands for the development of the Way Ratai Geothermal Working Area (WKP).

Under the deal, the two entities formed a joint venture company named PT Cahaya Anagata Energy to operate on the geothermal plant, cleared by a geothermal permit (IPB) and other permits. It marks an important step for the transition into renewable and new energy in the region.

Through the venture, PGE will own 40% of the shares and Chevron will own the remaining 60%.

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“Way Ratai WKP is very strategic and one of the best in Indonesia. Way Ratai's position also has an important role as a hub in Sumatra so that it can add value to geothermal energy by developing secondary products, especially green hydrogen,” Julfi Hadi, President and Director of PT Pertamina Geothermal Energy Tbk, stated.

Located in the province of Lampung, Way Ratai WKP covers 70,710 hectares of geothermal energy. It will mainly serve as the focal point of geothermal exploration for PGE, which will be conducted until 2028.