{"id":990118,"date":"2025-08-06T05:38:53","date_gmt":"2025-08-05T22:38:53","guid":{"rendered":"https:\/\/bahana.boone.co.id\/?p=990118"},"modified":"2026-01-26T19:39:56","modified_gmt":"2026-01-26T12:39:56","slug":"pertamina-geothermal-energy-pgeo-ij-not-rated-%e2%9a%a1-bocoran-strategi-proyek-energi-bersih-yang-akan-datang-%f0%9f%a4%a9","status":"publish","type":"post","link":"https:\/\/bahana.boone.co.id\/en\/pertamina-geothermal-energy-pgeo-ij-not-rated-%e2%9a%a1-bocoran-strategi-proyek-energi-bersih-yang-akan-datang-%f0%9f%a4%a9\/","title":{"rendered":"Pertamina Geothermal Energy (PGEO IJ \u2013 Not Rated) \u26a1: Bocoran Strategi &#038; Proyek Energi Bersih yang Akan Datang \ud83e\udd29"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"990118\" class=\"elementor elementor-990118\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-781c158 e-flex e-con-boxed e-con e-parent\" data-id=\"781c158\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"vamtam-has-theme-widget-styles elementor-element elementor-element-ea071cb elementor-widget elementor-widget-text-editor\" data-id=\"ea071cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Analis:\u00a0<strong>Jeremy Mikael<\/strong><\/p><p><strong>PGEO memulai 2025 dengan kinerja yang relatif stabil, meski ada sedikit tantangan.<\/strong>\u00a0Produksi listrik di 1H25 naik tipis\u00a0<strong>+1,6% y-y menjadi 2.416 GWh<\/strong>. Harga jual listrik sedikit turun, sementara biaya produksi naik, sehingga\u00a0<strong>keuntungan core tercatat USD78,5mn (-7% y-y)<\/strong>. Meski begitu, margin tetap sehat di\u00a0<strong>59%<\/strong>, menunjukkan PGEO mampu menjaga performa sambil menyiapkan ekspansi besar ke depan.\u00a0<em>Lalu gimana proyek dan ekspansi ke depan?\ud83e\udd14 Yuk simak info terhangat dari PGEO di bawah ini:<\/em><\/p><p><strong>\ud83d\ude80 Proyek &amp; MoU Strategis<\/strong><br \/>MoU dengan PLN &amp; Danantara mengamankan\u00a0<strong>530MW proyek<\/strong>, dengan\u00a0<strong>405MW sudah memiliki PPA<\/strong>, memberikan visibilitas eksekusi dan kepastian pendapatan. Inisiatif co-generation binary plant diproyeksikan menambah\u00a0<strong>10\u201315% kapasitas<\/strong>\u00a0dengan biaya lebih rendah (<strong>USD3\u20133,5mn\/MW vs. USD5\u20135,5mn\/MW<\/strong>).<\/p><p><strong>\ud83d\udd0b Ekspansi Bisnis &amp; Keuangan<\/strong><br \/>PGEO menjajaki\u00a0<strong>green hydrogen<\/strong>\u00a0(Ulubelu 100kg\/hari, COD 2026E) dan\u00a0<strong>green ammonia<\/strong>\u00a0untuk membuka revenue stream baru. Dengan\u00a0<strong>cash USD712mn &amp; gearing 0,4x<\/strong>, PGEO punya ruang tambahan utang\u00a0<strong>USD1,2\u20131,3bn<\/strong>\u00a0guna mendanai\u00a0<strong>capex USD5\u20136bn hingga 2033<\/strong>, didukung cash flow internal &amp; potensi partnership strategis.<\/p><p><strong>\u26a0\ufe0f Risiko utama:<\/strong>\u00a0risiko eksekusi proyek, perubahan kebijakan pemerintah, biaya pembiayaan meningkat, serta fluktuasi harga listrik dan mata uang.<\/p><p>\ud83d\udcdd\u00a0<strong>PDF Full:\u00a0<a href=\"http:\/\/https\/\/dxtrade.bahanasekuritas.id\/BSPGEO0825\">BSPGEO0825<\/a><\/strong><\/p><p><strong>Disclaimer:<\/strong><br \/>Keputusan Membeli dan Menjual menjadi tanggung jawab pribadi.<\/p><p><strong>Regards,<\/strong><br \/><strong>Investment Specialist<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>PGEO tetap solid di awal 2025 &#8211; margin terjaga, proyek 530MW sudah di tangan, dan ekspansi hijau siap jadi mesin pertumbuhan baru.<\/p>","protected":false},"author":1,"featured_media":990120,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-990118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artikel"],"_links":{"self":[{"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/posts\/990118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/comments?post=990118"}],"version-history":[{"count":13,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/posts\/990118\/revisions"}],"predecessor-version":[{"id":993254,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/posts\/990118\/revisions\/993254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/media\/990120"}],"wp:attachment":[{"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/media?parent=990118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/categories?post=990118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bahana.boone.co.id\/en\/wp-json\/wp\/v2\/tags?post=990118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}