Monday, June 5, 2017

Indonesia: Funding to Help Minimize Risks During Geothermal Resource Exploration Stage

Editorial: Funding geothermal exploration (Jakarta Post)

Geothermal development in Indonesia will get a significant boost after the government decided to take on the risks of exploration, which is the highest-cost factor in the process of harnessing geothermal energy into power generation.

This risk-mitigation initiative has been made possible after Finance Minister Sri Mulyani Indrawati, after a delay of five years, finally issued last month a regulatory directive on the use, management and accountability of the Geothermal Fund Facility (GFF) at the state-owned infrastructure financing company, PT Sarana Multi Infrastruktur (SMI).

Lenders will be willing to finance geothermal power development if they have access to complete and reliable data and information on the proven reserves, geological feasibility studies and interpretations of seismic investigations.

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