Prajogo Pangestu Eyes Masdar’s Stake in Pertamina Geothermal

Jakarta, July 9, 2025 — Indonesian tycoon Prajogo Pangestu is exploring the acquisition of Masdar’s stake in PT Pertamina Geothermal Energy Tbk (PGEO), a move that could further consolidate his renewable energy empire under PT Barito Renewables Energy Tbk (BREN).

Masdar, the UAE-based clean energy firm, has been a strategic partner in PGEO’s geothermal development projects. However, sources familiar with the matter indicate that Barito Renewables is currently in talks to take over Masdar’s ownership in PGEO, signaling a shift in the company’s strategic direction.

The potential deal aligns with BREN’s aggressive expansion through its subsidiary Star Energy Geothermal, which currently operates 886 MW of geothermal capacity and is adding another 102.6 MW through ongoing projects in Salak, Darajat, and Wayang Windu.

If completed, the acquisition would solidify BREN’s position as the dominant player in Indonesia’s renewable energy sector, giving it control over a significant portion of the country’s active and prospective geothermal working areas.

Tags: $PGEO $BREN

Apakah ini fakta atau cuma false rumor? #nanya