Geothermal Wins Gold

 

Barito Renewables Subsidiary Wins PROPER Gold Award for Environmental Excellence

A subsidiary of Barito Renewables Energy Tbk (BREN), through Star Energy Geothermal via Star Energy Geothermal Wayang Windu Ltd (SEGWWL), has secured the prestigious PROPER Gold Award from the Ministry of Environment and Forestry (KLH). The recognition highlights outstanding environmental performance that exceeds regulatory compliance while delivering sustainable social benefits.

President Director of Barito Renewables Energy and Group CEO of Star Energy Geothermal, Hendra Soetjipto Tan, emphasized the company’s commitment to responsible, eco-friendly, and sustainable operations. He noted that continuous innovation remains key to improving efficiency and maximizing community impact.

The PROPER Gold Award was achieved by the Wayang Windu geothermal power plant located in Pangalengan, driven by several key innovations. One major initiative, the WW Retro program (cooling tower retrofit for units 1 and 2), successfully reduced energy consumption by 31,622.4 GJ.

In terms of emissions reduction, the PACE WW (smart cooling system) program significantly cut greenhouse gas emissions by up to 1.75 million tons of CO₂ annually. Additionally, the ASIS TURBO program (Artificial Oil & Sweetening System) improved hazardous waste management by reducing used oil in turbine operations.

Meanwhile, two other geothermal assets—Salak in Sukabumi and Darajat in Garut—earned PROPER Green ratings, reinforcing the company’s strong environmental commitment and social responsibility.

With a total installed geothermal capacity of 926 MW across its assets, Barito Renewables Energy stands among the largest geothermal portfolio holders. By the end of 2026, the company is projected to operate 1 GW of geothermal capacity alongside 79 MW of wind power, further strengthening its position in the renewable energy sector.

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Antam Gold Drops

 Antam Gold Price Drops Again, Now at Rp2,868,000 per Gram

The price of Antam gold bars continued to decline on Friday, April 17, 2026, reflecting ongoing weakness in the precious metals market.

Based on official data from Logam Mulia, the price of Antam gold fell by Rp20,000 to Rp2,868,000 per gram. This latest drop pushes the price further away from its all-time high of Rp3,168,000 per gram recorded on January 29, 2026.

In addition, the buyback price also decreased by Rp15,000, now standing at Rp2,659,000 compared to the previous Rp2,674,000. This indicates a broader downward trend affecting both selling and repurchase values.

The decline was seen across all gold bar sizes. The 0.5-gram variant is now priced at Rp1,484,000, down from Rp1,494,000. Meanwhile, the 2-gram size dropped to Rp5,676,000 from Rp5,716,000, and the 5-gram bar fell to Rp14,115,000 from Rp14,215,000.

For investors looking at larger sizes, Antam gold is also available in 10-gram and 25-gram options, priced at Rp28,175,000 and Rp70,312,000 respectively.

As the weekend approaches, the continued downward trend in gold prices is largely influenced by global market sentiment. Key factors include interest rate policies and geopolitical developments, which continue to shape investor demand for safe-haven assets like gold.

Latest Antam Gold Prices – April 17, 2026

• 0.5 gram: Rp1,484,000
• 1 gram: Rp2,868,000
• 2 gram: Rp5,676,000
• 5 gram: Rp14,115,000
• 10 gram: Rp28,175,000
• 25 gram: Rp70,312,000
• 50 gram: Rp140,545,000
• 100 gram: Rp281,012,000
• 250 gram: Rp702,265,000
• 500 gram: Rp1,404,320,000
• 1,000 gram: Rp2,808,600,000

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Gold Prices Rise

 

Gold Prices Rise as Investors Watch US–Iran Peace Prospects

Gold prices climbed back above $4,800 per troy ounce on Thursday (April 16), recovering from the previous session’s losses. The rebound comes as investors assess the outlook for renewed negotiations and a potential long-term peace agreement between the United States and Iran, which could help ease global inflationary pressures.

According to Trading Economics, reports indicate that Washington and Tehran are considering extending their two-week ceasefire to allow more time for diplomatic talks. However, the Strait of Hormuz remains effectively closed under a dual blockade, continuing to raise concerns over global energy supply.

Market attention is now shifting toward a possible second round of US–Iran discussions, expected to focus on reopening the strategic waterway and addressing Iran’s nuclear enrichment program.

In recent weeks, gold has found support as diplomatic progress in the Middle East reduces fears of prolonged inflation and aggressive central bank tightening. Despite this recovery, the precious metal is still trading nearly 9% lower since the conflict began.

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