Pertamina Geothermal Energy (PGE), an Indonesia-based company, has signed a Memorandum of Confidentiality Agreement with Turkish energy company Kipaş Holding to start a cooperation for the utilisation of geothermal energy.

The Indonesian Embassy in Ankara facilitated PGE’s efforts to seek cooperation in geothermal exploration with various companies throughout Türkiye. PGE and Kipaş Holding are both interested in carrying our exploration projects cooperatively in both Türkiye and Indonesia, and are open to the possibility of a joint investments elsewhere.

The signing of the agreement was carried out by Julfi Hadi, President Director of PGE, and Mehmet Şişman, General manager of Kipaş Holding, witnessed by the Indonesian Ambassador to Türkiye, Achmad Rizal Purnama.

“We are happy to have met with Pertamina Geothermal Energy and hope that the cooperation will be fruitful with an exchange of information and experience for geothermal energy sector improvement in both Türkiye and Indonesia,” commented Şişman.