Video: PGE's Strategy to Fund Geothermal Projects - Non-Electricity Business Expansion

Jakarta, CNBC Indonesia - Finance Director of PT Pertamina Geothermal Energy Tbk, Fransetya Hutabarat, has affirmed PGE’s commitment as a subsidiary of Pertamina Power Indonesia in the geothermal sector to enhance the business potential and geothermal supply chain in the country. PGE is confident in increasing geothermal electricity capacity to 1 GW by 2028, supported by solid financial fundamentals with a focus on existing businesses, ensuring exploration and operations run well, and securing competitive financing sources. PGE is also driving growth momentum by promoting expansion and innovation in non-electricity businesses such as green hydrogen to support decarbonisation while becoming a new source of business growth. What is PGE’s geothermal business development strategy? Watch the full review by Andi Shalini with the Finance Director of PT Pertamina Geothermal Energy Tbk (PGEO), Fransetya Hutabarat, on Squawk Box, CNBC Indonesia (Thursday, 20/08/2026).