Indonesia Removes Bottlenecks to Geothermal Energy Investment (Energy Sector Management Assistance Program)
Indonesia’s has what is considered to be the largest potential for geothermal energy in the world, a blessing for a country determined to reduce its high rate of dependence on polluting fossil fuels. But private investment has been slow, held back by the lack of a strong energy policy framework, legal uncertainties, and overlapping jurisdictions, both within the central government and between Jakarta and local authorities.
A new Geothermal Law, passed by Indonesia’s House of Representatives in September 2014, is expected to remove many of these bottlenecks. The law followed from a ministerial regulation on geothermal pricing and policy that was the result of many months of work between
Indonesia’s Ministry of Energy and Mineral Resources (MEMR) and a joint World Bank – Asian Development Bank team.
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