Wednesday, May 16, 2018

Indonesia: Asian Development Bank Working to Boost Geothermal Energy

Developing Indonesia’s Geothermal Power Potential (ADB)

Indonesia has an estimated potential of 29,000 megawatts (MW) of geothermal energy resources—the largest in the world. In 2017, installed geothermal power capacity was 1,800 MW.

Indonesian President Joko Widodo wants to change that. By 2025, the country targets geothermal production capacity to reach 5,000 MW. Hydropower and geothermal power should account for 25% of the nation's power supply.

The Asian Development Bank (ADB) is working with the government and the private sector to help develop this clean energy potential. In recent years, ADB has financed the Sarulla, Muara Laboh, and Rantau Dedap geothermal projects. Michael Barrow, Director General of ADB’s Private Sector Operations Department, explains how the bank supports development of the geothermal power market.