INPEX CORPORATION (INPEX), through its subsidiary INPEX GEOTHERMAL LTD (IGE), has signed a memorandum of understanding on a joint geothermal study with PT PLN Indonesia Power (PLN IP), a subsidiary of Indonesia’s state-owned electricity company PT Perusahaan Listrik Negara (PT PLN).
The MoU was signed between the two parties during the 8th Indonesia-Japan Energy Forum (IJEF) held in Bali, Indonesia on 5 December 2024. “The discussion at this forum highlighted the commitment of both countries to achieve Net Zero Emission outlined in national policies, including roadmap programs, and their activities,” said Menteri Energi dan Sumber Daya Mineral (ESDM) Secretary General Dadan Kusdiana at the event.
Through the MoU, INPEX aims to form a cooperative effort with PLN IP on geothermal development and exploration in Indonesia. IGE established its office in Indonesia in October 2022 and has since promoted geothermal business opportunities. The MOU is a part of these ongoing efforts.
IGE currently owns stakes in three operating geothermal power plants in Indonesia – Muara Laboh, Rantau Dedap, and Sarulla. In early 2023, IGE acquired stake in the Rajabasa geothermal field, an exploration site in Lampung. The company is also involved in several geothermal exploration efforts in Japan.
INPEX seeks to enhance and emphasize renewable energy initiatives, which are one of the 5 net zero businesses outlined in the company’s “INPEX Vision @2022” announced on February 9, 2022. As part of the vision, INPEX will accelerate its initiatives aimed at its geothermal power generation business, which can utilize the technologies cultivated by the company through oil and natural gas development. Moreover, the company will proactively engage in energy structure reforms towards the realization of a net zero carbon society while fulfilling its responsibilities for the stable development and supply of energy.
