Indonesia sees up to $1.7 billion investment target with geothermal projects

Unit 1 of Sarulla Geothermal Power Plant, North Sumatra/ Indonesia (source: Ormat Technologies)
Alexander Richter 9 Mar 2018

The Indonesian government sees geothermal energy investments to represent up to 80% of overall renewable energy investment, or around $1.7 billion for 25 geothermal projects in the country.

As reported from Indonesia, the country’s Directorate General of Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources targets geothermal investments of more than 80% of all investments in the new renewable energy sector. Of the investment target of about US $ 2 billion, US $ 1.71 billion comes geothermal.

Rida Mulyana, Director General of EBTKE of the Ministry of Energy and Mineral Resources, said that the government will continue to monitor the investment commitments already submitted by business actors. This year the government is more ambitious than last year as there is an increase in targeted commitments.

“The investment recorded from 25 companies reached US $ 1.71 billion of geothermal investment projection for 2018,” Rida told World Energy.

Optimism on geothermal investment is supported by the increasing number of new geothermal working areas (WKP) which PT PLN (Persero) is working on. In addition, some WKP start to the next phase after the exploration period, so it can pour a large amount of investment funds such as PT Star Energy and PT Medco Energi Internasional through PT Medco Power Indonesia.

“PLN is assigning more and more, and the big projects like Sorik Marapi are exploited. Star Energy, and Medco, that’s the projection that will be disclosed in 2018. This is what we are guarding, really has no commitment, “said Rida.

PT Pertamina (Persero) through its subsidiary, PT Pertamina Geothermal Energy (PGE) is still a company with the largest investment commitment of US $ 400 million. After that, PT Supreme Energy will be in three WKP with total investment of US $ 362 million. Then there are Star Energy and Medco, each preparing an investment of US $ 200 million. (RI)

Projection of Geothermal Industry Investments.
  1. PT Sabang Geothermal Energy, Jaboi US $ 17.76 million
  2. PT Sorik Marapi Geothermal Power, Sorik US $ 280.17 million
  3. PT Sokoria Geothermal Indonesia, Sokoria US $ 56.7 million
  4. PT Sejahtera Alam Energi, Baturaden US $ 54, 38 million
  5. PT Spring Energy Sentosa, Guci US $ 19.63 million
  6. PT Sintesa Banten Geothermal, Lake Banten Caldera US $ 34.22 million
  7. PT Medco Cahaya Geothermal, Blawan-Ijen US $ 2.66 million
  8. PT Bakrie Dharmakarya Energy, Lake Ngebel US $ 21.30 million
  9. PT Kopjasa Teknosa Teknosa, Cibuni US $ 1.08 million
  10. PT PLN, Mataloko US $ 4.48 million
  11. PT PLN Ulumbu US $ 4.93 million
  12. PT PLN, Atedel US $ 1.51 million
  13. PT PLN, Songa Wayaua US $ 1.48 million
  14. PT PLN, Gunung Tangkuban Perahu US $ 3.23 million
  15. PT PLN Tulehu US $ 3.88 million
  16. PT Geo Dipa Energy, Umbil Telomoyo Temple US $ 1.04 million
  17. PT Geo Dipa Energi, Arjuno Welirang US $ 1.13
  18. PT Geo Dipa Energi, Dieng US $ 12.41 million
  19. PT Geo Dipa Energi, Patuha US $ 10.27 million
  20. PT Hitay Daya Energy, Gunung Talang Bukit Kili US $ 9.54 million
  21. PT Enel Green Power, Wai Ratai US $ 6.48 million
  22. PT Star Energy, US $ 200 million
  23. PT PGE US $ 400 million
  24. PT Medco Energy, Sarulla US $ 200 million
  25. PT Supreme Energy (3 WKP) US $ 362 million

Source: Dunia Energi