• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 5 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 2 hours America's pandemic dead deserve accountability after Birx disclosure
  • 3 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 3 days Fukushima
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days Joe Biden's Presidency
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
What’s Holding Geothermal Energy Back?

What’s Holding Geothermal Energy Back?

Geothermal has long been considered…

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

Premium Content

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


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




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