JAKARTA -- The geothermal subsidiary of Indonesia oil and gas giant Pertamina wants to raise up to 9.78 trillion rupiah ($653.3 million) in an initial public offering this month as it seeks to expand capacity and further develop the country's vast power-generation potential, company executives said on Wednesday.
IPO
Indonesia's Pertamina Geothermal Energy aims for $653m IPO
Company sees 'strategic role' in achieving country's net zero goal
Indonesia's geothermal resources are estimated at 27.8 gigawatts, but last year its installed geothermal capacity stood at around 2.3 gigawatts. (Photo by Erwida Maulia)
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