Indonesia to raise capacity of geothermal projects to 1GWChristian Fernsby ▼ | February 24, 2020
Indonesia strives to raise combined capacity of geothermal projects to 1 gigawatt (GW) in 2030, according to the country’s Ministry of Energy and Mineral Resources (EMR).
Energy in Indonesia Indonesia geothermal projects
Topics: Indonesia geothermal
Earlier, Minister of Energy and Mineral Resources Arifin Tasrif stated that the ministry continues to attract investors to invest in the new renewable energy sector through the cost recovery contract scheme in the geothermal sector.
He noted that the geothermal sector’s development poses a higher risk than other sectors, so incentives are needed to encourage investment in the field.
Executive Director of the Institute for Essential Services Reform Fabby Tumiwa noted there were a number of obstacles in developing geothermal energy in the country, such as high investment costs due to high exploration and engineering and procurement costs.
It is estimated that the country needs over than 15 billion USD in investment to meet its geothermal power capacity targets. ■