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20240924_ELSA_Laporan Informasi dan Fakta Material_31728372_lamp1.pdf

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Page 1
 Contact Person:
 PT Pertamina Geothermal Energy Tbk                                PT Elnusa Tbk (ELNUSA)
 Muhammad Taufik                                                   Jayanty Oktavia Maulina (Anty)
 Manager Corporate Communication & Stakeholder Management          Manager of Corporate Communications
 Grha Pertamina Pertamax Tower 7th Floor,                          Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
 Jl. Medan Merdeka Tim. No.11-13, Jakarta 10110                    Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
 Mob : +62 811-8449-347                                            E-mail: jayanty.maulina@elnusa.co.id
 Email: muhammad.t@pertamina.com



PRESS RELEASE
        PGE and Elnusa Strategic Synergy at IIGCE 2024: Ready to Accelerate
                            Geothermal Development
Jakarta, 24 September 2024 – PT Elnusa Tbk (Elnusa) with PT Pertamina Geothermal Energy Tbk (PGE), strengthen synergy
through strategic collaboration at the Indonesia International Geothermal Convention & Exhibition (IIGCE) 2024. This
collaboration aims to accelerate the development of geothermal energy in Indonesia, in order to support national energy security
and achieve the target of energy transition towards net zero emission by 2060. This collaboration is not the first time Elnusa and
PGE have done this. The collaboration on geothermal technology development between Elnusa and PGE has started since 2021.

After signing the Joint Study Agreement (JSA) last June, Elnusa signed a Joint Development Agreement (JDA) with PGE and
Multifab for the development and manufacture of heat exchangers. This heat exchanger is an important part of the geothermal
energy production process, which can increase the efficiency of geothermal power plants (PLTP). In addition, PGE signed a
Flow2Max®️ technology license with PT Sigma Cipta Utama, a subsidiary of Elnusa, which allows real-time monitoring of
geothermal well performance.

Bachtiar Soeria Atmadja, President Director of Elnusa, stated, "This collaboration is a concrete step by Elnusa in supporting the
development of renewable energy in Indonesia, especially geothermal energy. With our extensive experience in the field of
energy services and qualified technological capabilities, Elnusa is ready to support PGE's vision going forward," said Bachtiar.

In addition, Elnusa also continues to develop strategic partnerships to expand its business portfolio in the geothermal sector.
Through synergy with PGE, Elnusa plays an active role in creating a more advanced and innovative geothermal industry
ecosystem, from heat exchanger manufacturing to PLTP operational and maintenance services.

Julfi Hadi, President Director of PGE, added that this collaboration is one of the important efforts in accelerating the development
of geothermal energy through technological innovation and cross-sector collaboration. "PGE as the main engine of geothermal
sector development is committed to synergizing with various parties. Through collaboration and the latest technology, we can
maximize the potential of Indonesia's geothermal energy, answering global challenges towards clean and environmentally
friendly energy," said Julfi.

At IIGCE 2024, PGE also signed several other strategic partnerships, including agreements with PT Pertamina Maintenance and
Construction for Operation & Maintenance services, and PT PGAS Solution Tbk for engineering, procurement, construction, and
commissioning (EPCC) services for the geothermal sector.

The collaboration between Elnusa and PGE is expected to accelerate the development of geothermal energy in Indonesia, while
creating new opportunities in the renewable energy sector. This synergy is expected to have a positive impact on environmental
sustainability and the achievement of national decarbonization targets.
Page 2
About Elnusa (IDX: ELSA)
PT Elnusa Tbk (Elnusa) is a subsidiary of PT Pertamina Hulu Energi (PHE) which is part of the Pertamina Upstream Subholding, which operates in the field of
integrated energy services to provide total solutions. Elnusa has DNA of Resilience and innovation for more than 54 years in the energy industry, has core
competencies in upstream oil and gas services, energy distribution and logistics services and supporting services. The upstream oil and gas service line includes
Geoscience & Reservoir services (land, transition zone & marine and data processing), drilling & oil and gas field maintenance services (drilling & workover),
engineering, procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics service line includes fuel transportation
services, depot management and chemical sales. The supporting service line includes marine support services, fabrication, and data management. Elnusa
continues to be committed to implementing Corporate Governance in accordance with GCG and ESG principles to create a company that is highly competitive,
continues to grow and provides sustainable benefits for all stakeholders. Further information can be accessed at www.elnusa.co.id

About PT Pertamina Geothermal Energy Tbk (PGE)
PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) is part of Subholding Power & New Renewable Energy (PNRE) of PT Pertamina (Persero) which is engaged
in geothermal exploration, exploitation, and production. Currently, PGE manages 15 Geothermal Working Areas with an installed capacity of 1,877.5 MW, divided
into 672.5 MW operated and managed directly by PGE and 1,205 MW managed under the Joint Operation Contract scheme. The installed geothermal capacity
in PGE's working areas contributes around 80% of the total installed geothermal capacity in Indonesia, with the potential to reduce CO2 emissions by around 9.7
million tons of CO2 per year. As a world class green energy company, PGE wants to create value by maximizing the end-to-end management of geothermal
potential and its derivative products and participating in the national and global decarbonization agenda to support Indonesia's net zero emission 2060. PGE has
excellent ESG credentials with 16 PROPER Gold awards from 2011 to 2023 in the highest environmental compliance award from the Ministry of Environment and
Forestry ESG Rating & Engagement.

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Published24 Sep 2024
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Names mentioned 11 people and organisations named in the text · linked when the evidence is strong

linked org Pertamina Geothermal Energy Tbk p.1 ×11
linked person Bachtiar Soeria Atmadja p.1
linked org PT Pertamina Hulu Energi p.2
possible org Elnusa Tbk p.1 ×6
possible person Julfi Hadi p.1
possible org PT Pertamina (Persero) p.2
unresolved org PT Sigma Cipta Utama p.1
unresolved org PT Pertamina Maintenance p.1
unresolved org PT PGAS Solution Tbk p.1
unresolved org Solution Tbk p.1
unresolved org Ministry of Environment p.2

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