The 10GW target consists specifically of 6GW from gas-to-power operations, 3GW from renewable energy sources such as geothermal and 1GW from other initiatives such as the development of an electric vehicle ecosystem and hydrogen energy, Pertamina said.
Renewables, including geothermal, will account for 47pc of Indonesian primary energy demand in 2050 under the company's green transition scenario compared with 29pc if market forces lead the way, Pertamina previously said.
Its holding company Pertamina Power and New Renewable Energy (PNRE) said it is looking at initiatives such as green and blue hydrogen to achieve the 2026 target, which will require an investment of $12bn. Green hydrogen is produced from renewable energy with no emissions, while blue hydrogen is produced using fossil fuels with the carbon captured and stored. PNRE also recently signed an initial agreement with Japanese upstream firm Japex and Lemigas — a research centre for oil and gas technology development under Indonesia's energy and mineral resources ministry — to carry out a joint study on the development of carbon capture, utilisation and storage methods to reduce emissions at the Sukowati and Gundih oil fields in Indonesia.
"Pertamina actively supports efforts to curb the pace of global climate change. And especially in Indonesia, Pertamina strongly supports the government's target to reduce greenhouse gas emissions by 29pc by 2030 and achieve net-zero emissions by 2060," said PNRE chief executive Dannif Danusaputro.
But the Indonesian government is also targeting 1mn b/d of oil production by 2030 as it looks to non-conventional oil and gas sources. The government is aiming to produce 705,000 b/d of oil and 1mn b/d of oil equivalent (boe/d) of gas in 2021 from 707,000 b/d and 975,000 boe/d respectively in 2020.