Jakarta, January 22, 2026 – PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) was officially announced as the candidate for the Preliminary Survey and Exploration (PSPE) assignment for the Cubadak Panti geothermal area after winning a competitive selection process conducted by the Ministry of Energy and Mineral Resources (ESDM). PGE emerged victorious, securing first place with a score of 87.01. The Company will subsequently implement administrative requirements as stipulated by the Government.
The Cubadak Panti PSPE area is located in Pasaman and West Pasaman Regencies, West Sumatra Province, and covers an area of ??approximately 29,897 hectares. Based on preliminary data, this area is estimated to have potential geothermal reserves of 77 megawatts of electricity (MWe).
Edwil Suzandi, Director of Exploration and Development at PT Pertamina Geothermal Energy Tbk, expressed the Company's commitment to developing the nation's geothermal potential so that its benefits can be felt by the wider community.
"This assignment opens up opportunities for PGE to expand geothermal reserves beyond the existing 3 gigawatts of potential Geothermal Working Areas currently managed. This also underscores the company's support for the government's program to accelerate the energy transition, promote national decarbonization, and increase the share of renewable energy in Indonesia's energy mix," said Edwil.
This selection refers to Minister of Energy and Mineral Resources Regulation Number 36 of 2017 concerning Procedures for Assigning Preliminary Surveys and Geothermal Exploration and Preliminary Surveys, and is guided by the Geothermal PSPE Selection Document.
As a pioneer in geothermal energy development in Indonesia with over 40 years of experience, PGE currently manages an installed capacity of 727 megawatts (MW) across six independently managed operating areas. PGE is also developing several strategic projects, including the Hululais Unit 1 & 2 Geothermal Power Plant (PLTP) (110 MW) and a co-generation project with a total capacity of 230 MW.
In addition to these projects, PGE is also preparing to develop the Lumut Balai Unit 3 Geothermal Power Plant with a capacity of 55 MW, which is targeted to reach its commercial operation date (COD) in 2030. This entire portfolio is part of PGE's efforts to strengthen its contribution in supporting national energy self-sufficiency and the 2060 Net Zero Emission target.
