Aim to become world-class geothermal electricity producer: Pertamina

Nov 11, 2022 | Business

State-owned energy company PT Pertamina is seeking to become a world-class player in green electricity generation based on geothermal energy by pursuing a number of technological innovations to increase geothermal utilization.
PT Pertamina Geothermal Energi (PGE) develops geothermal energy in Ulubelu Area in Tanggamus, Lampung. (ANTARA/HO-PGE)


“We aim to become a world-class player in the geothermal sector. There is an opportunity for that … since, so far, the geothermal potential utilized is still less than 10 percent of the total owned by Indonesia,” said Oki Muraza, senior vice president of research technology and innovation at Pertamina.

He made the remarks during a discussion at the Indonesian Pavilion on the sidelines of COP27 in Sharm el-Sheikh, Egypt, on Tuesday (November 8, 2022).

Indonesia has nearly 24 gigawatts (GW) of geothermal potential, but less than 10 percent of it has been utilized, he noted. Therefore, Pertamina sees a great opportunity to further increase the capacity of geothermal utilization in the country to generate green electricity, he added.

Efforts to increase geothermal-based electricity capacity are aimed at supporting Indonesia’s target of achieving net-zero emissions by 2060 by increasing the use of renewable energy in the proportion of national electrical energy sources, he said.

For that reason, Pertamina has conducted a lot of research on the development of technological innovations for geothermal utilization, which have covered the fields of exploration, development, production-operation, and digitization.

The state-owned energy company is currently developing better technology in the field of exploration, undertaking a comprehensive study of geoscience, and developing new methods that can be applied in the geothermal industry.

“This is something that we have been doing for years so that we technologically master it, starting from exploration, development, production, drilling, and so on,” Muraza said.

Moreover, Pertamina will increase its geothermal capacity, which was recorded at 672 megawatts (MW) in 2020, to 1,128 MW by 2026.

The company is striving to achieve operational excellence in the upstream sector, integrate the development in new areas, and expand the value chain of products from geothermal energy, such as green energy products in the form of green methanol, green hydrogen, nano-silica, green liquid carbon dioxide, and carbon credits.

In addition, Pertamina is also supporting the development of green industrial clusters in the country.

“We hope to accelerate the development of new areas that can be used not only for electricity, but we are also starting to think about possible locations that can be developed for green hydrogen,” Muraza informed.

He added that Pertamina is offering cooperation opportunities to players in the field of geothermal and energy efficiency in Indonesia for implementing technological solutions – developed by the company to build more geothermal power plants and other geothermal products – and optimizing the utilization of geothermal potential in the country.

Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)

Email: pcc135@pertamina.com, URL: https://www.pertamina.com

Written by: Yuni Arisandy Sinaga, Editor: Suharto (c) ANTARA 2022






Topic: Press release summary



A World-Class Festival in a World-Class Museum

Apr 24, 2022 | Business

 The San Diego Spirits Festival, a world-class cocktail and cultural event, is shaking things up for its 13th year with a move to the newly-renovated Museum of Contemporary Art San Diego in La Jolla (MCASD). San Diego’s annual spirits extravaganza will take place on Saturday, Sept. 24 and Sunday, Sept. 25, featuring unlimited cocktails from over 60 brands, live music and entertainment, access to MCASD’s galleries and more.

“This event has grown exponentially through a community of craft cocktail and premium spirits lovers, and this year, we look forward to taking the San Diego Spirits Festival upmarket to La Jolla in this world-class museum,” said Liz Edwards, owner and founder of the San Diego Spirits Festival. “We’re creating an experience-driven event completely unique to the community, where guests can be inspired by exceptional cocktails and spirits, exquisite art and spectacular views.”

This incredible new setting will take So Cal’s favorite spirits festival to new heights, where art, bespoke spirits brands and cocktails will come together for a stellar two-day experience. San Diego Spirits Festival’s move from downtown San Diego to La Jolla will build on the event’s loyal following while attracting a new audience within La Jolla and adding new layers to the world-class event.

The San Diego Spirits Festival offers an upscale event that appeals to everyone from novice cocktail lovers and fashionistas to experienced mixology professionals and restaurateurs. Spirits and art enthusiasts will explore the world of whiskey, bourbon, tequila, rum, gin, vodka and other fine spirits, plus ready-to-drink beverages including seltzers, canned cocktails and more.

Recently opened after a two-year, $200 million renovation, MCASD is comprised of both indoor and outdoor spaces, offering panoramic views of the La Jolla coast throughout. The festival will take place on multiple levels of the museum, with the full exhibition from its galleries on display.

Festival hours will be from 3 p.m. to 7 p.m. on Saturday, Sept. 24 and 1 p.m. to 5 p.m. on Sunday, Sept. 25. Tickets will start at $85. More information about the festival can be found on the website at www.sandiegospiritsfestival.com.

About The San Diego Spirits Festival

The San Diego Spirits Festival is an annual world-class event where cocktails, culture and art come together for a stellar two-day experience fueled by top spirits, bespoke cocktail brands in an exceptional venue. San Diego Spirits Festival distills the essence of the luxury craft cocktail and liquor market into a signature event; the creativity and design of the event space invites guests to be amongst world renowned brands and boutique distillers. The festival is shaking things up for its 13th year in 2022 with a move to the newly-renovated Museum of Contemporary Art San Diego in La Jolla (MCASD). San Diego’s annual spirits extravaganza will take place on Saturday, Sept. 24 and Sunday, Sept. 25.

San Diego Spirits Festival

Liz Edwards

858-551-1605

sandiegospiritsfestival.com/

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World-Class Transaction Liability Broker Andrew Pelzer Joins Newfront’s Private Equity Group

Apr 15, 2022 | Business

 Newfront, the tech-driven insurance brokerage based in San Francisco, announced that world-class Transaction Liability broker Andrew Pelzer has joined its Private Equity Group (PEG). The Private Equity Group, led by Ted Dobos, is an extension of private equity deal teams that leverages Newfront’s advanced analytics technology, delivers superior service, and drives rapid actionable insights to maximize deal value.

Andrew has more than a decade of experience in corporate mergers and acquisitions, with a focus on Reps & Warranties and Tax insurance.

“Andrew is well-known within the industry for finding creative solutions for his clients, and we’re thrilled to bring his talents to Newfront,” said Ted. “As a former tax-attorney, Andrew is at ease grappling with complex legal issues and has a talent for crafting bespoke insurance strategies and solutions to address them; this capability is invaluable in best serving our clients.”

Prior to Newfront, Andrew held leadership roles at NFP and JLT Specialty USA. He also spent five years at legal services provider in the New York office of Weil, Gotshal & Manges, LLP.

“I’m thrilled to join the talented Private Equity team at Newfront,” said Andrew, who is based in New York and will serve clients across the country. “The R&W insurance market hardened over the past year, making it critically important that brokers use any and all resources at their disposal, including technology, to combat unfavorable market pressures and create value for clients. Newfront’s industry leading technology platform, coupled with the Private Equity team’s exceptional technical resources and commitment to client-service and innovation, uniquely positions Newfront to address the complex needs of Private Equity.”

Newfront’s Private Equity Group, based in San Francisco, Chicago, and New York, includes senior experts from numerous brokerages including Aon and Marsh and is built to deliver superior, innovative solutions in the M&A insurance market.

About Newfront

Newfront is transforming the delivery of risk management, employee experience, insurance, and retirement solutions by building the modern insurance platform. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. Newfront makes insurance work for you.

Headquartered in San Francisco, Newfront has offices throughout the country and is home to more than 750 employees who serve clients across the United States and globally.

Contact Information

Jane Paolucci

Senior Vice President, Marketing

Newfront

jane.paolucci@newfront.com

415-798-2693

Newfront

Jane Paolucci

415-798-2693

www.newfront.com

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