News flash
- Pertamina Geothermal Energy Tbk has exited plans to co-develop the Suswa geothermal field in Kenya.
- The withdrawal was driven by investment concerns and ownership strategy requirements.
- Kenya’s Geothermal Development Company continues independently with exploration activities.
Jakarta-based PT Pertamina Geothermal Energy Tbk (PGEO) has officially withdrawn from plans to invest in and co-develop the Suswa geothermal field in Kenya. Pertamina NRE President Director John Anis cited that the investment was not commercially viable following the company’s due diligence.
A key factor in the decision was the inability to secure a single majority stake, which Pertamina requires for all its international geothermal developments. The project was initially explored in 2024 as part of Pertamina’s strategy to build a 1-GW global geothermal power portfolio.
Despite Pertamina’s exit, Kenya’s state-owned Geothermal Development Company (GDC) is continuing the project independently. The company has already mobilised drilling rigs for an exploration campaign aimed at advancing the Suswa field towards commercial development.
Author: Bryan Groenendaal
