ASIATODAY.ID, ISTANBUL – Indonesia and Turkiye have officially established a geothermal development collaboration.
This collaboration was established after Pertamina Geothermal Energy (PGE) signed a Confidentiality Agreement (CA) note with the energy company from Turkiye, Kipaş Holding on Saturday, February 3 2024 in Istanbul.
The signing of the agreement was carried out by Julfi Hadi as President Director of PGE and Mehmet Sisman from GM Kipaş Holding, witnessed by the Indonesian Ambassador to Turkiye, Achmad Rizal Purnama.
“PGE and Kipaş Holding have agreed to start geothermal cooperation. For almost four months we have been seriously exploring opportunities for economic cooperation in the energy sector, and today that hard work has paid off,” said Ambassador Rizal.
The Indonesian Embassy in Ankara has been actively facilitating PGE’s efforts to seek potential cooperation in geothermal exploration and operations with several energy companies in Turkiye. Various meetings have been held to find the right potential partners.
In the previous initial meeting, PGE and Kipaş Holding were interested in carrying out exploration cooperation both in Turkiye and Indonesia and even opened up the possibility of joint investment in third countries.
Apart from Kipaş Holding, the Indonesian embassy also facilitated PGE to meet with several other energy companies.
“During PGE’s visit to Turkiye this time we also met with several top energy companies and held long discussions at each meeting. Hopefully in the near future we can find 1 or 2 more potential partners for investment in Turkiye,” explained Julfi Hadi, Managing Director PGE.
After opening cooperation with Kenya, PGE continued to build cooperation with Turkiye. The main factor to be taken into consideration is that the potential for geothermal energy in Turkiye is quite large.
As the fourth country with the largest geothermal potential in the world, Turkiye is also attractive to investors because it has a feed-in-tariff policy. This is in the good faith of the Turkiye government to reassure investors in the geothermal energy sector of long-term regulatory certainty and competitive price incentives.
Ambassador Rizal, who just handed over his credentials in mid-January, also underlined energy cooperation as an element of his 4+1 mission priorities as Indonesian Ambassador to the President of Turkiye, Recep Tayyip Erdogan, namely Defense, Energy, Construction and Health, and Trade. This was welcomed by President Erdogan by assigning his main officials to oversee the Indonesia Turkiye cooperation projects. (AT Network)
Check out other news and articles at Google News