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Press Release


Barito Renewables’ Subsidiary, Star Energy Geothermal, Set to Boost 102.6 MW Capacity
    with Tender Winners Announcement at the International Geothermal Conference

Jakarta, 18 September 2024 – Star Energy Geothermal, a subsidiary of Barito Renewables, is
set to significantly enhance its installed capacity with the announcement of the selected tender
winners at the International Geothermal Conference & Exhibition 2024 (IIGCE), where Star
Energy Geothermal is the host.

These strategic initiatives aim to boost Star Energy's geothermal capacity through collaborative
retrofitting and new development projects, which will not only enhance the capacity of various
geothermal units operated by Star Energy but also support Indonesia’s ambitious goal of
achieving net-zero emissions.

Hendra Tan, CEO of Barito Renewables, commented on this milestone, saying, “This is a
pivotal moment for Star Energy Geothermal, showcasing our commitment to advancing
Indonesia's renewable energy infrastructure. By retrofitting and expanding our existing plants,
we are ensuring a sustainable and efficient future for clean energy in the country. These
partnerships not only increase capacity but also drive technological advancements in
geothermal energy, positioning us at the forefront of the industry.”

In total, the various initiatives announced at the conference are projected to increase Star
Energy Geothermal’s installed capacity by 102.6 MW, reinforcing its position as one of the
world’s leading geothermal energy companies. The total investment is slated to reach US$ 346
million.

Key Initiatives Announced Today:

   A. New Plant Developments/Expansions

   1. Salak Unit 7 Expansion (additional 40 MW)
      Partners: JO PT Timas Suplindo and PT Rekayasa Industri.
      This project will add 40 MW to the Salak geothermal field, leveraging the Salak Injection
      Realignment Program.

   2. Wayang Windu Unit 3 Expansion (additional 30 MW)
      Partner: PT Inti Karya Persada Teknik
      This expansion will add 30 MW to the Wayang Windu geothermal field, optimizing
      existing surface facilities to increase total capacity.
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   B. Capacity Increase of Existing Units

   1. Wayang Windu Unit 1 & 2 Retrofit (18.4 MW increase)
      Partners: Consortium of Fuji Electric Co. Ltd. (lead firm) and PT Wasa Mitra Engineering
      This retrofit aims to upgrade the technology and efficiency of Wayang Windu Unit 1 & 2,
      increasing the total generation capacity by 18.4 MW. This will raise each unit’s capacity
      to 124.45 MW and further ensure the long-term reliability of the power plant.

   2. Salak Units 4, 5, and 6 Retrofit (7.2 MW increase)
      Partner: PT Fuji Electric Indonesia
      The Salak Retrofit project will replace turbine rotors and diaphragms with advanced
      designs, boosting the efficiency and increasing the combined capacity of Units 4, 5, and
      6 by 7.2 MW.

   3. Darajat Unit 3 Retrofit (7 MW increase)
      Partner: PT Mitsubishi Power Indonesia
      Through technological upgrades, the Darajat Unit 3 Retrofit will enhance energy
      efficiency and increase capacity by 7 MW, raising the total capacity from 122 MW to 129
      MW.

   C. Laboratory Services Collaboration
      Partner: PT Pertamina Geothermal Energy Tbk
      This partnership will focus on geothermal fluid sampling and analysis to further enhance
      operational efficiencies and adherence to Good Corporate Governance principles.

The development of the above projects will increase capacity from 230.5 MW to 278.9 MW in
Wayang Windu, from 381 MW to 428.2 MW in Salak, and from 274.5 MW to 281.5 MW in Darajat.
The development of these projects aligns with the terms and conditions of the JOC contract,
permitting Star Energy Geothermal to expand capacity to 400 MW at Wayang Windu, 495 MW at
Salak and 330 MW at Darajat.

The initiatives announced at IIGCE 2024 underline Star Energy Geothermal’s dedication to
enhancing energy efficiency and its long-term commitment to sustainability. These projects
represent a bold step toward a greener future, utilizing cutting-edge technology to optimize
geothermal energy production.

                                              ---- END ----


About Barito Renewables:

Barito Renewables (IDX: BREN) is a leading renewable energy company in Indonesia and the renewable
energy unit of Barito Pacific Group, committed to providing clean and sustainable energy solutions.
With a strong focus on environmental responsibility and community engagement in its operational
areas, BREN plays a crucial role in Indonesia's transition to a greener and more sustainable energy
landscape. BREN's subsidiary, Star Energy Geothermal, currently operates geothermal power plants
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with a total capacity of 886 MW. Through Barito Wind, the company also owns the Sidrap wind power
plant in South Sulawesi with a capacity of 75 MW. Visit the company’s website at:
https://baritorenewables.co.id.

For more information, please contact: corpsec@baritorenewables.co.id

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Names mentioned 9 people and organisations named in the text · linked when the evidence is strong

linked org Pertamina Geothermal Energy Tbk p.2 ×2
possible org Barito Pacific p.2
unresolved org PT Timas Suplindo p.1
unresolved org PT Rekayasa Industri. This p.1
unresolved org PT Inti Karya Persada Teknik This p.1
unresolved org Fuji Electric Co. Ltd. p.2
unresolved org PT Wasa Mitra Engineering This p.2
unresolved org PT Fuji Electric Indonesia The Salak Retrofit p.2
unresolved org PT Mitsubishi Power Indonesia Through p.2

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