Indonesia Hopes To Cash In On Geothermal At World Geothermal Congress In Bali

An Indonesian environmental activist dressed in a grim reaper costume takes part in an anti-nuclear protest marking the 24th anniversary of the Chernobyl nuclear disaster outside The Ministry of Energy and Mineral Resources in Jakarta, Indonesia,

Indonesia wants to make itself the geothermal capital of the world. Geothermal electricity is a valuable renewable energy. They’ve invited several geothermal companies and to share in discussions on geothermal technology. They have many geothermal advantages in the form of their vast system of volcanoes that would supply geothermal energy. The World Geothermal Conference is being held now through the end of the month.

More than 70 high enthalpy geothermal fields and prospects have been identified in Indonesia. Pertamina (National Oil company) has estimated that the combined potential of these resources represents about 20,000 MW in 2000. Since then, the National Geological Agency of Indonesia has identified more than 27 GW electric potential that may rise from 256 locations of geothermal fields over the country. Indonesia may have the highest geothermal potential in the world. 15 of the 18 existing geothermal areas that were drilled to explore, confirm, and develop geothermal resources in Java, Sumatra, Bali and Sulawesi, are operated by Pertamina Geothermal Energy (PGE).

They will need to get financed based on early estimates approximately one billion dollars to jump start a lucrative geothermal industry. This could be the start of a good clean energy economic plan for Indonesia. The oil and gas industry has suffered as of late. The country has struggled to attract fresh investment and to develop new oil and gas fields, because of a combination of bureaucracy, increasing resource nationalism, and corruption. If they can avoid those same hurdles in building out a geothermal economy it should have great potential. Considering their vast savings on geothermal cost because of great geothermal resources.

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