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Latest Reports Geothermal Energy
In December 2024, Indonesia’s Ministry of Energy and Mineral Resources released a statement in which it said that renewable energy accounts for 13.93 percent of the national energy mix. Meanwhile, the ministry hopes this percentage can touch 14.1 percent by the end of 2024 especially supported by geothermal power development.
On Thursday 04 April 2024 Indonesia Investments released the March edition of its monthly report. The report focuses on a number of key economic, political and social developments that were felt by Indonesia in the month of March 2024.
Geothermal energy is a (relatively) environmentally friendly power source that is derived from Earth's inner heat (the Earth’s core is estimated to carry temperatures around 5,500 degrees centigrade, which in fact equals the temperatures found at the surface of the Sun).
On 06 March 2023, Indonesia Investments released its latest monthly report titled 'Normalizing Economic Growth'. As usual, we aim to present in-depth analyses of topics that are relevant in the context of economic, political and social developments in Indonesia.
On Monday (5.07.2021) Indonesia Investments released its latest report - the June 2021 edition titled 'COVID-19 Crisis Intensifies; Second Wave Resembles Tsunami'. In the report we analyze the huge surge in new confirmed COVID-19 cases that occurred in Indonesia in recent weeks and the emergency measures (PPKM Darurat) that have been imposed by the government.
Despite several persistent challenges, geothermal energy remains a very interesting (and relatively environmentally friendly) power source for Indonesia. It is estimated that Indonesia is home to 40 percent of total global geothermal energy potential. But as impressive as that sounds, the country only uses a fraction of the potential. So, let’s take a look at recent developments in terms of geothermal power in Indonesia.
Indonesia has now overtaken the Philippines in terms of geothermal power capacity. At the end of Q1-2018 Indonesia's installed geothermal power capacity reached 1,925 MW, higher than the 1,868 MW capacity of the Philippines. Moreover, by the end of 2018, Indonesia is expected to see its geothermal power capacity rise to 2,058 MW. However, Indonesia is still far away from becoming the world's biggest geothermal power producer. Capacity of the USA currently stands at 3,591 MW, hence leading by a distance.
The Indonesian government aims to add 250 MW to the nation's installed geothermal power plants' production capacity in 2018. Based on data from Indonesia's Energy and Mineral Resources Ministry, Indonesia's geothermal power capacity stood at 1,808.5 MW at the end of 2017, below the government's target of 1,858.5 MW. Although the production figure is rising, Indonesia only taps 10.3 percent of its geothermal potential.
Good news for supporters of renewable energy. The Sarulla geothermal power plant, located in Tapanuli (North Sumatra), now has two units in the commercial operation stage, hence the power plant's total capacity has increased to 220 Megawatt (MW). The second unit of the plant commenced commercial production earlier this week.
In an attempt to attract investment in geothermal exploration in Indonesia, the central government decided to remove a land tax for companies that explore geothermal energy resources through a new decree. In 2017 this land tax will be scrapped for all companies that hold a geothermal business permit and are still in the exploration stage. According to information released on the website of Indonesia's Finance Ministry companies are entitled to a 100 percent tax reduction in land tax each year, for up to seven years.
Latest Columns Geothermal Energy
Asep Sugiharta, an official at the Ministry of Forestry, said that a new bill has been submitted to Indonesia's parliament (DPR) which is expected to open up the potential for geothermal power development in Indonesia. Currently, geothermal exploitation is lawfully defined as a 'mining activity' (Law No. 27 2003) and therefore prohibited to be conducted in protected forest and conservation areas (Law No. 41 1999), even though geothermal mining activities have a relatively small impact on the environment (compared to other mining activities).
Associated businesses Geothermal Energy
