Pertamina Geothermal Energy, ID1000186505

PGE targets 1 GW by 2028: what it means for Pertamina Geothermal Energy stock

Published on 10/14/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PGE created IDR 1.5 trillion in value from 165 innovations, up 17 percent. Pertamina Geothermal Energy stock targets 1 GW by 2028.

Innovation supports capacity growth

PGE created IDR 1.5 trillion in value through 165 innovations on October 14, 2026.
Revenue reached USD 235.03 million in the first half of 2026, up 14.70 percent year over year.
Pertamina Geothermal Energy had a market capitalization of IDR 41.1 trillion on October 14, 2026.

Pertamina Geothermal Energy, ID1000186505, Illustration mit AI erstellt.

Pertamina Geothermal Energy (ID1000186505) created IDR 1.5 trillion in value through 165 innovations in its 2026 program, up 17 percent from 141 innovations a year earlier, Pasardana Portal reported on October 14, 2026. The company is targeting 1 gigawatt of installed geothermal capacity by 2028 and 1.8 gigawatts by 2034.

Value creation uses five measures

The Geovation 2026 event took place from October 6 to October 8, 2026, with innovations from operating areas and headquarters. PGE calculated value creation through revenue generation, cost reduction, revenue potential, revenue retention and cost avoidance, replacing a former single-indicator method that produced IDR 590.8 billion.

The scale matters because the program connects operational improvements with expansion funding. PGE has generated 449 innovations over the last three years, giving management a larger base of projects from which to improve reliability and reduce costs.

What does 1 GW mean?

Bisnis.com reported on October 7, 2026, that the Lumut Balai Unit 3 and Unit 4 projects each have 55 megawatts of capacity. The first drilling phase began on July 8, 2026, and a second well started on September 17, 2026, while both projects were included in the 2026 Green Book.

Operational growth provides the financial bridge. Revenue reached USD 235.03 million in the first half of 2026, up 14.70 percent from USD 204.85 million in the same period of 2025, while net income rose 15.48 percent to USD 79.61 million, according to ANTARA on October 6, 2026. Production reached 3,222 gigawatt-hours through July 2026, up 12.70 percent year over year, against a full-year target of 5,255 gigawatt-hours.

IDX quote reflects expansion story

Pertamina Geothermal Energy was last at IDR 980.00 on the IDX on October 14, 2026 at 4:11 p.m. WIB. The finance data quote puts market capitalization at IDR 41.1 trillion and the 52-week range at IDR 770.00 to IDR 1,375.00, making capacity execution and funding access the key measurable tests for the 2028 target.

Market context: Market report IDX Composite.