Geo Dipa Ready to Serve as Fiscal Tool for Green Economy
The President Director of PT Geo Dipa Energi (Persero), Yudistian Yunis, stated that the company is prepared to take on a larger role as a government Special Mission Vehicle (SMV) and a fiscal instrument to support the development of the green economy in Indonesia.
According to Yudistian, this readiness is supported by the company’s long-standing experience in the geothermal sector, its existing and developing power generation capacity, and its technical and financial capabilities. “In terms of readiness, Geo Dipa is prepared to function as a fiscal tool for the green economy,” Yudistian said during a Ministry of Finance Media Gathering in Bogor on Friday (2/10/2026).
Regarding infrastructure, Geo Dipa currently operates geothermal power plants with a capacity of approximately 120 megawatts (MW). The company is also constructing an additional 110 MW capacity and is preparing the procurement process for a new development project of the same capacity. Consequently, the total geothermal capacity managed and under development by Geo Dipa approaches 400 MW.
“Technically, we are ready. Today we operate 120 MW of power plants, are building 110 MW, and are preparing procurement for another additional 110 MW,” he noted.
Beyond power generation assets, Geo Dipa relies on approximately 24 years of experience in the operation and maintenance (O&M) of geothermal plants, including exploration activities. This experience is considered vital capital should the government grant a broader mandate to Geo Dipa in supporting the development of new and renewable energy (EBT).
For renewable energy development outside of geothermal, Yudistian believes collaboration with other State-Owned Enterprises (SOEs) possessing specific sector competencies is necessary. For instance, hydropower development could be conducted alongside PT PLN (Persero), PT Brantas Abipraya, or other construction SOEs with experience as hydropower plant developers and operators. “With this model, Geo Dipa does not have to build all renewable energy capacity alone, but rather becomes part of an integrated green energy development ecosystem,” he said.
From a financial perspective, Yudistian believes Geo Dipa possesses a strong foundation to perform its role as a government fiscal instrument. He mentioned that the company has secured an AAA credit rating and achieved an ESG score of 63 based on S&P Global assessments.
“Financially, Geo Dipa already holds an AAA rating and an ESG rating that is among the three highest in Indonesia according to S&P Global standards. Our score of 63 places us in the top 25 in Asia and the top 50 globally for the utilities sector,” he revealed.
Building a Green Economy Ecosystem
Yudistian explained that Geo Dipa will not work in isolation. The company proposes the formation of a green economy ecosystem involving various SMVs under the Ministry of Finance. In this scheme, Geo Dipa could act as a green energy provider, while PT Sarana Multi Infrastruktur (Persero) or SMI could support the construction of new plants and the financing of green industrial zones.
Furthermore, PT Penjaminan Infrastruktur Indonesia (PII) could provide project guarantees, while PT Sarana Multigriya Finansial (SMF) could support financing for the housing sector and supporting infrastructure for workers in green industrial zones. Meanwhile, the Indonesia Eximbank (LPEI) could support the export financing of products and green industrial activities oriented towards the global market.
This ecosystem could also be strengthened by the Environmental Fund Management Agency (BPDLH) and the Government Investment Centre (PIP). Yudistimian noted that Geo Dipa’s digital infrastructure is also ready to support its role as an SMV and fiscal instrument in national green economy development.
“This ecosystem can be used by the Ministry of Finance as an initiator or pioneer to create a green economy ecosystem. Once it has developed and regulations are well-established, other players can enter the ecosystem,” he concluded.