PGEO – Aims for 1,272 MW capacity in 2027

Pertamina Geothermal Energy (PGEO) has just conducted an Initial Public Offering, the proceeds of which will be used to increase the capacity of its geothermal power plants. PGEO plans to take part in the management of 13 geothermal working areas in Indonesia or 82% of the installed capacity in Indonesia. PGEO currently operates 672 Mega Watts and the capacity will be increased to 1,272 Mega Watts by 2027 using the IPO funds. (Source : Kontan)