Indonesia’s utilization of geothermal energy has reached just 2.4 gigawatts (GW), a mere 10 percent of its total potential of 23.9 GW that industry players call for clearer regulations and incentives from the government to optimize this significant renewable energy resource.
Julfi Hadi, Chairman of the Indonesian Geothermal Association (API), emphasized the vast geothermal potential spread across various regions in Indonesia. However, he noted that the development of this resource often faces complex challenges.
“Collaboration among the government, industry, academics, and the community is essential to enhance the geothermal industry in Indonesia,” Julfi said on Wednesday, July 10, 2024.
He highlighted the need for government support, including fiscal incentives and the establishment of a clear regulatory framework. Such measures are expected to attract larger investments into geothermal projects across the country.
In addition to government support, Julfi pointed out the necessity for technological innovations driven by collaboration among industry players, research institutions, and universities.
These innovations would ensure the efficient and sustainable utilization of geothermal energy. He also stressed the importance of educating the public about the potential and benefits of geothermal energy to foster greater social acceptance of geothermal projects in their regions.
“Only through close collaboration can we optimize Indonesia’s geothermal potential to meet growing energy needs while supporting the vision of a clean and sustainable energy transition,” Julfi said.
Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources (ESDM), said that the government is working to strengthen partnerships with the private sector in developing geothermal energy utilization.
This effort includes supporting the 10th Indonesia International Geothermal Convention & Exhibition (IIGCE) 2024.
“We hope this event will serve as a meeting point for stakeholders to enhance collaboration, identify new opportunities, and formulate joint strategies to address current challenges in the geothermal industry,” Eniya said.
She expressed hope that the synergy between the government and the private sector would bolster Indonesia’s geothermal industry and create a sustainable future for all sectors of the national economy.
Boyke Bratakusuma, Chairman of the Organizing Committee for the 10th IIGCE 2024, said that the event is designed to facilitate dialogue and collaboration among stakeholders. This approach aims to maximize geothermal development opportunities in support of the clean energy transition.
“Additionally, this event will promote the latest advancements in geothermal technology, project management, and business schemes led by industry experts,” Boyke said.
The 10th IIGCE 2024 is scheduled to take place on September 18-20, 2024, at the Jakarta Convention Center (JCC).
