• 5 mins EIA Weekly Inventory Data Due Wednesday, Despite Govt. Shutdown
  • 4 hours Oklahoma Rig Explodes, Leaving Five Missing
  • 6 hours Lloyd’s Sees No Room For Coal In New Investment Strategy
  • 9 hours Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 11 hours Libya’s NOC Restarts Oil Fields
  • 12 hours US Orion To Develop Gas Field In Iraq
  • 3 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 3 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 3 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 3 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 3 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 3 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 4 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 4 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 4 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 4 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 4 days Venezuelan Output Drops To 28-Year Low In 2017
  • 4 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 4 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 5 days Kinder Morgan Delays Trans Mountain Launch Again
  • 5 days Shell Inks Another Solar Deal
  • 5 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 5 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 5 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 5 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 5 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 5 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 5 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 6 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 6 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 6 days Norway Grants Record 75 New Offshore Exploration Leases
  • 6 days China’s Growing Appetite For Renewables
  • 6 days Chevron To Resume Drilling In Kurdistan
  • 6 days India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round
  • 6 days India’s Reliance Boosts Export Refinery Capacity By 30%
  • 7 days Nigeria Among Worst Performers In Electricity Supply
  • 7 days ELN Attacks Another Colombian Pipeline As Ceasefire Ceases
  • 7 days Shell Buys 43.8% Stake In Silicon Ranch Solar
  • 7 days Saudis To Award Nuclear Power Contracts In December
  • 7 days Shell Approves Its First North Sea Oil Project In Six Years
Energy Digital

Energy Digital

Energy Digital is a leading digital media source of news and content for C-level executives focused on business and all aspects of managing the environment.…

More Info

Indonesia’s Geothermal Potential Being Hamstrung by Regional Politics

Indonesia’s Geothermal Potential Being Hamstrung by Regional Politics

Indonesia has the potential to become the world's biggest geothermal energy leader, so long as investment is pursued.

Indonesia's geothermal energy is literally bursting from the ground, with the world's highest number of volcanic hot spots. Unfortunately, Southeast Asian politics and a lack of foreign investment is bogging down the great potential of the country's clean energy market. With plans to add as much as 9,000 MW of installed capacity by 2025, the industry will need to attract investors.

"The tenders are out there, they just need the investors to come in," says Paul Brophy, president and chief executive of geothermal consultancy GES. "So far, some 20 to 30 concessions have been issued so there is still lots of room for new companies to come in and develop the resources."

 Unfortunately, the bidding process to lack of infrastructure is holding up investment in addition to a muck of local politics and cultural beliefs. Some Hindu leaders fear that meddling with nature could anger the gods.

Geothermal is one of the most environmental ways to produce energy; it creates almost no carbon dioxide and requires a third less land than solar or wind energy infrastructure. It's also cheaper than coal or gas, and could dramatically boost the growing economy of Indonesia. Although upfront investment can be high, the country needs the power to help it grow.

Chevron is currently the world's largest geothermal power producer with plants in Java and in the Philippines. In addition to other companies like India's Tata Group and General Electric Co., Chevron is putting more money towards the country's geothermal potential, even despite accusations from disheartened locals that the company is cutting down trees in the process.

But the government is still lagging. Companies don't have much public data to work with to assess the best points of exploration and overlapping jurisdictions of project approvals continue to get in the way. A new law that allows outside developers to pursue geothermal projects so long as five percent of their profits goes to the Indonesian government should help bolster foreign interests.

By. Carin Hall of Energy Digital




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News