Indonesia Seeks Investment in 12 Major Geothermal Projects

At COP29 in Baku, Azerbaijan, Indonesia’s Minister of Energy and Mineral Resources, Eniya Listiani Dewsi, highlighted the nation’s ambitious push toward sustainable energy, inviting investment in 12 geothermal projects requiring a total of $2.14 billion (IDR 34 trillion). This initiative reinforces Indonesia’s commitment to harnessing its geothermal potential, a cornerstone of its energy transition strategy.

The following are the geothermal projects that the Indonesian Ministry is offering for investment:

1. Lahendong Phase 7 and 8 (2 x 20 MW), North Sulawesi, PT Pertamina Geothermal Energy
2. Sarulla Phase 2 (50 MW), North Sumatra, Medco/Ormat/Kyushu/Itochu
3. Ijen Phase 2 (30 MW), East Java, Medco/Ormat
4. Salak Phase 7 (55 MW), West Java, Star Energy Geothermal Salak
5. Ulumbu (30 MW), East Nusa Tenggara, PT PLN
6. Candradimuka (40 MW), Central Java, PT Geo Dipa Energy
7. Bukit Daun (30 MW), Bengkulu, PT Pertamina Geothermal Energy
8. Klabat Wineru, (40 MW), North Sulawesi, PT Ormat Geothermal Indonesia
9. Hu’u Daha (60 MW), West Nusa Tenggara, Vale/Antam
10. Lahendong Bottoming 1 Co-Generation (15 MW), North Sulawesi, PT Pertamina Geothermal Energy
11. Lumut Balai Bottoming Unit 1 and 2 Co-Generation (20 MW), South Sumatra, PT Pertamina Geothermal Energy
12. Ulubelu Small-Scale Co-Generation (30 MW), Lampung, PT Pertamina Geothermal Energy

The projects encompass diverse locations and developers, including Pertamina Geothermal Energy, Medco, and Star Energy. Key additions include small-scale co-generation units and initiatives targeting both greenfield and brownfield sites.

This year, Indonesia has streamlined its licensing process, making investments more attractive. Recent forums like JETP and AZEC have laid the groundwork for these projects, emphasizing global partnerships. Furthermore, Indonesia's IIGCE awarded seven geothermal exploration licenses, signaling its aggressive pursuit of sustainable development.

By fostering collaboration and simplifying regulations, Indonesia positions itself as a leader in green energy while advancing its geothermal capacity for a low-carbon future.