Enviro News Asia, Jakarta — Indonesia’s state-owned lender PT Bank Negara Indonesia (Persero) Tbk (BNI) has reinforced its commitment to the nation’s clean energy transition by providing a comprehensive financing facility to PT Geo Dipa Energi (Persero) for the development and operation of 500 megawatts (MW) of geothermal energy capacity.
The strategic partnership, formalized under the agreement “Commitment on Green Project and Operation Financing for 500 MW Geothermal Energy Development,” was signed by BNI SEVP Wholesale Solutions & Value Chain Pancaran Affendi and Geo Dipa Energi President Director Yudistian Yunis during the Indonesia International Sustainability Forum (IISF) 2025 at the Jakarta International Convention Center (JICC) on October 10, 2025.
BNI Corporate Secretary Okki Rushartomo stated that the financing reflects BNI’s determination to accelerate Indonesia’s clean energy transition and advance the green economy.
“This initiative represents BNI’s concrete support for the national green energy agenda and a strong step toward sustainable finance leadership in Indonesia,” Okki said in a statement.
He added that the collaboration underscores BNI’s pivotal role in strengthening Indonesia’s energy resilience through environmentally friendly resources.
“Our synergy with Geo Dipa reinforces BNI’s position as a frontrunner in green financing, supporting the national agenda toward a sustainable energy future,” he added.
As a state-owned geothermal developer, Geo Dipa Energi operates two key national projects — the Dieng and Patuha geothermal power plants — with a current installed capacity of 120 MW. The company plans to expand capacity to 500 MW in the coming years as part of Indonesia’s strategic effort to boost renewable power generation.
Geothermal energy stands out for its low environmental footprint. According to the International Energy Agency (IEA), geothermal power emits only 45–80 grams of CO₂ per kWh, compared to 900–1,000 grams per kWh from coal-fired plants. Additionally, geothermal plants can operate continuously year-round, providing a reliable baseload energy source.
With vast geothermal reserves across the archipelago, Indonesia holds one of the world’s largest untapped geothermal potentials — an essential pillar for achieving national energy independence and reducing reliance on fossil fuel imports.
BNI’s green financing to Geo Dipa marks another milestone in aligning Indonesia’s banking sector with environmental, social, and governance (ESG) principles. The initiative is part of BNI’s broader mission to expand sustainable finance portfolios and foster cross-sectoral partnerships for a low-carbon economy.
“BNI remains fully committed to supporting clean energy projects that deliver economic value while preserving the environment,” Okki said. “This partnership exemplifies the synergy between finance and the energy sector in building a sustainable future.”
Through this collaboration, BNI strengthens its role as a strategic government partner in advancing renewable energy development and shaping Indonesia’s transition toward a green and resilient economy. (*)
