The Ministry of Finance is encouraging exploration and investment in the geothermal energy sector by preparing risk mitigation through the Government Drilling program.
"This program assists the government in new well exploration which is currently considered costly and risky," Director General of State Wealth Isa Rachmatarwata said in a discussion in Jakarta, Wednesday. Investing in the country's geothermal energy is still a stumbling block since the private sector is reluctant to take a risk in exploring power sources, Isa noted.
Keeping that in mind, the government has formulated the so-called Government Drilling program aimed at mitigating risks in each exploration activity, he said.
This program involves three Special Mission Vehicles (SPV) of the Finance Ministry, namely PT Sarana Multi Infrastruktur, PT Geo Dipa Energi, and PT Penjaminan Infrastruktur Indonesia (PII).
