PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) is eyeing the younger generation as potential investors by introducing the prospects for developing new and renewable energy (EBT) in Indonesia. The literacy forum entitled "Youth Seminar PGEO-Investortrust: Capital Market Literacy and Investment Opportunities in the Geothermal Industry" was held at the FTKE Auditorium, Building D, 8th Floor, Campus A - Trisakti University, Jakarta, Thursday (5/15/2025).
This discussion is expected to open the horizons of students' understanding of the new and renewable energy sector, especially geothermal, and its opportunities as investment targets in the future.
"The potential contribution of the new and renewable energy industry, especially geothermal, has continued to grow so far in its efforts to meet national electricity needs. The potential for geothermal sources in Indonesia reaches 24 GW, which is the second largest in the world after the United States, while the installed capacity of geothermal currently only reaches 2.6 GW or 11% of the potential," said PGE Investor Relations Manager Ronald Andre P. Hutagalung.
The event was opened by the Dean of the Faculty of Earth and Energy Technology (FTKE) Trisakti University Dr. Ir. Suryo Prakoso, S.T., M.T., and attended by a number of speakers and at least 360 students. In addition to representatives from PGE, other speakers who attended were Deputy Director of Financial Education Implementation of the Financial Services Authority Halimatus Sa'diyah, Head of the Market Development Division of the Indonesia Stock Exchange (BEI) Yusuf Adi Pradana, Lecturer of FTKE Trisakti in the Field of Oil and Gas Economics Dr. Dwi Atty Mardiana, and Oil and Gas/Energy Observer of Trisakti University Pri Agung Rakhmanto.
CEO of PT Investortrust Indonesia Sejahtera, Primus Dorimulu, in his speech conveyed the importance of the younger generation to have a complete understanding before investing.
"We hope that students will invest not because they are worried about being left behind compared to their peers, but really understand what instruments suit their risk profile. PGEO is one of the stocks that is worth collecting because renewable energy will continue to grow in the future. Of all renewable energies, the most sustainable is geothermal energy," he said.
In line with that, Lecturer at the Faculty of Earth and Energy Technology (FTKE) Trisakti University in the Field of Oil and Gas Economics, Dwi Atty Mardiana explained that the development of geothermal projects can boost national economic growth.
"If a country can provide stable energy, then sufficient and affordable, then public consumption will increase, investment will also increase. Then, from the state spending side it will be more evenly distributed, and from the trade balance side it will be stable. The effect is that economic growth will increase," he said.
"Indonesia's current emissions are around 700 million tons per year. When in 2060 we can utilize the geothermal potential, then the carbon emissions that we can eliminate are around 150 million tons. That is equivalent to 20% of the energy emissions currently produced," continued Atty.
Talking about the potential of the new renewable energy industry, especially geothermal, PGE Investor Relations Manager Ronald Andre P. Hutagalung added that the government is targeting a PLTP capacity of 10.5 GW by 2035. If this target is achieved, these power plants can contribute to GDP of up to US$ 63 billion or equivalent to Rp 1,041 trillion. According to him, PGE has a great opportunity to develop this PLTP.
On the same occasion, Ronald also said that the large geothermal reserves in Indonesia are a blessing from Indonesia's position which is located in a series of volcanoes (ring of fire). Of the many regions in Indonesia, Sumatra Island is recorded as having the largest geothermal reserves, reaching 9.6 GW.
PGE recorded good performance throughout 2024 with a 2% increase in production volume from 4,735 GwH to 4,827 GwH by the end of 2024. This positive performance strengthens PGE's optimism regarding the increase in production volume in 2025 to reach 4,930 GwH by taking into account the additional capacity of 55 MW from Lumut Balai Unit 2.
