PT DSSR Daya Mas Sakti has entered into a joint venture with PT FirstGen Geothermal Indonesia to harness geothermal energy in Indonesia, marking a significant step towards sustainable energy development.

Information on the Target

PT DSSR Daya Mas Sakti ("DSSR"), a subsidiary of PT Dian Swastatika Sentosa Tbk ("DSSA") and part of the Sinar Mas Group, has initiated a strategic collaboration with PT FirstGen Geothermal Indonesia, a subsidiary of the Energy Development Corporation ("EDC"), which is part of First Gen Corporation. EDC holds a prominent position as the largest renewable energy producer in the Philippines.

This partnership is more than just an investment; it represents a strategic collaboration designed to leverage EDC's expertise and experience in geothermal development within Indonesia. The ultimate aim is to strengthen national capacities and harness geothermal energy’s potential to provide clean energy solutions. According to Lokita Prasetya, President Director of DSSR and Vice President Director of DSSA, the partnership aims to deliver tangible benefits to the community, economy, and environment.

Industry Overview in Indonesia

Indonesia possesses approximately 40% of the world's geothermal reserves, equivalent to around 24 gigawatts. However, only about 10% of these reserves have been tapped, illustrating significant potential for growth in