Technical due diligence for geothermal assets
At a glance
Our mission was to provide technical, HSE and ESG due diligence for Masdar on PT Pertamina Geothermal Energy’s operational and pipeline geothermal assets across Indonesia.
The challenge
GHD was engaged by Masdar, a major renewable energy company in Indonesia, to support its investment in a geothermal energy subsidiary, a portfolio of assets that included operational geothermal plants and pipeline projects. We equipped our client with technical, Health, Safety and Environment (HSE) and Environmental, Social and Governance (ESG) due diligence to inform its investment decisions.
Our response
GHD conducted site visits of several assets across Indonesia, delivered a technical, HSE and ESG due diligence report and reviewed project cost estimates. This comprised a comprehensive assessment of critical issues and opportunities that could substantially affect the asset value, including:
- Operational Assets Technical Review
- HSE Review
- Pipeline/Planned Assets Technical Review
- ESG Review
- Capital & Operating Expenditure Review
A key area of the geothermal due diligence also included well performance and make-up well requirements, including associated capex and opex historical and forecasted projections.
The impact
Through the comprehensive identification of key technical, HSE and ESG risks and opportunities coupled with development of appropriate mitigation measures, our client gained a clear, data-driven understanding of the subsidiary’s asset performance.