INPEX CORPORATION (INPEX) announced that it has signed, through its subsidiary INPEX GEOTHERMAL, Ltd. (IGE), a memorandum of understanding (MOU) on a joint geothermal study with PT PLN Indonesia Power (PLN IP), a subsidiary of Indonesia’s state-owned electricity company PT Perusahaan Listrik Negara (Persero). IGE oversees INPEX’s participating interests in geothermal power projects in Indonesia including Muara Laboh and Rantau Dedap, and also pursues new geothermal business opportunities in the country.
Through the MOU, INPEX aims to form a cooperative effort with PLN IP on geothermal development and exploration in Indonesia. IGE established its office in Indonesia in October
2022 and has since promoted geothermal business opportunities. The MOU is a part of these ongoing efforts.
INPEX seeks to enhance and emphasize renewable energy initiatives, which are one of the 5 net zero businesses outlined in the company’s “INPEX Vision @2022” announced on
February 9, 2022. INPEX will accelerate its initiatives aimed at its geothermal power generation business, which can utilize the technologies cultivated by the company through oil
and natural gas development. INPEX will proactively engage in energy structure reforms towards the realization of a net zero carbon society while fulfilling its responsibilities for the stable development and supply of energy.
