PGEO - Four projects enter blue book for concessional loans

PGEO - Four projects enter blue book for concessional loans Pertamina Geothermal Energy (PGEO) secured Blue Book status for four projects: Lumut Balai Unit 3 (USD305 mn capex), Lumut Balai Unit 4 (USD290 mn), Gunung Tiga/Ulubelu Extension I (USD227 mn), and Lahendong Unit 7-8 & Binary (USD274 mn), with total investment needs of USD1.1 bn. These projects may access up to USD613 mn in concessional loans from multilateral lenders such as World Bank, ADB, JBIC, and JICA, potentially boosting project IRR by 1-3%. The four projects are expected to gradually add 215 MW of capacity by 2029-2032, equal to about 30% of PGEO’s current installed base. (Source : Company)