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Energy shift: A Pertamina oil tanker on the road in Jakarta. Its green bonds would help expand its green energy business to contribute between 10% and 15% of total revenue within five years. AFP Jakarta: State-owned oil and gas (O&G) holding giant Pertamina is planning to issue its maiden green bonds within the coming year to finance its geothermal business. Pertamina is the second Indonesian state-owned energy firm to unveil its plan to issue a sustainable finance instrument after the state electricity firm (PLN), respectively the fourth and first largest state-owned enterprise by assets. Finance director Emma Sri Martini said that the bonds would help expand Pertamina’s green energy business to contribute between 10% and 15% of to total revenue within five years, compared to the current figure of under 5%.

Jakarta rayaIndonesia star energy geothermalClimate bonds initiativePt pertamina geothermal energyEmma sri martiniManulife investment managementSoutheast asianStar energySean kidneyPower indonesiaGreen bondNext yearஜகார்த்தா ராயஇந்தோனேசியா நட்சத்திரம் ஆற்றல் புவிவெப்பகாலநிலை பத்திரங்கள் முயற்சிஎம்மா ஸ்ரீ மார்டினி