EDC business development head Joeffrey Caranto and business development head Ivana Sandra Luciana (2nd and 3rd from left) present the two concession rights awards from Indonesia’s Ministry of Energy and Mineral Resource. Also in photo are (from left) Raymundo Jarque, EDC director for Indonesia; Delas Pontolumiu, country head/president director for Indonesia; and Sutarwo, regulatory head for IndonesiaEnergy Development Corporation (EDC) has been granted surface exploration and drilling rights also known as the preliminary survey assignments plus exploration (PSPE) for two greenfield geothermal projects in Indonesia.

The Ministry of Energy and Mineral Resource awarded the PSPE for the Koto Sani Tanjung Bingkung and Bora Pulu geothermal projects at the 10th Indonesia International Geothermal Convention and Exhibition held at Jakarta Convention Center on Sept. 18-20, 2024.

“This achievement marks a significant milestone in realizing EDC’s mission to forge collaborative pathways to a decarbonized and regenerative future, not only in the Philippines but in the region as well and beyond,” said Joeffrey Caranto, EDC’s head of business development–international.

Caranto received the concession awards at the event, where President Joko Widodo of Indonesia was also present to underscore the importance of geothermal energy in the country’s energy transition targets.

According to Caranto, the move aligns with EDC’s growth strategy as part of the 13,000- megawatt (MW) low-carbon energy portfolio of First Gen targeted by 2030, 9,000 MW of which will be from renewable energy.

(Story By Frances Ariola)