Abstract
One of the current suggestions on low global oil price is a good momentum to optimize utilization of geothermal resources as renewable energy. Meanwhile, Government and donors countries have partnership experiences to remove some barriers such as legal framework on business process for attracting private sectors to invest in geothermal project financing. An explorative analysis on comparative global geothermal development based on Indonesia investment perspective is methodology of this paper. As a qualitative-descriptive paper, this method focused on literature review to obtain literature or secondary data. The data used are secondary data obtained from various sources, such as Ministry of Energy and Mineral Resources (MEMR), Ministry of Finance, PT PLN as well as a range of research and other resources accessed through the internet. The goal of these explorations to find some lessons learned which might be used by the GoI to utilize its largest world potential of geothermal resources more transparent, efficiently, and effectively. Based on global geothermal development current status shows that the role of private companies in Indonesia position is the second-ranking on share geothermal utilization. Unfortunately, Indonesia position on the share of resource to potential utilization is in the third-ranking compare to six leading geothermal countries. This means that Indonesia has the opportunity to scale up its resource potential utilization. Managing this opportunity, the GoI should continue its experience to support and guarantee private companies business process strategically.
Highlights
Global geothermal opportunity and barrier: History of the first global Geothermal Generation Status began over 100 years ago and the first large scale generation operated over 50 years ago (Lawless, 2013)
The secondary data obtained from various sources, such as, Ministry of Energy and Mineral Resources (MEMR), Ministry of Finance, PT product to utilities company (PLN) (State Electricity Company) as well as a range of research and other resources accessed through the internet
Even though Indonesia position on resource utilization and share of resource to potential utilization are in the third among the six position compare to some leading geothermal countries, but the role of private company in Indonesia position is the first ranking on share geothermal utilization.This current status means that there is opportunity for the GoI to scale up share of resource utilization through adopting the first and second leading counties experience
Summary
Global geothermal opportunity and barrier: History of the first global Geothermal Generation Status began over 100 years ago and the first large scale generation operated over 50 years ago (Lawless, 2013). There is a long history in global geothermal development This imply that there are many experience can be explore especially on government regulation and donor support to improve private companies to invest on geothermal energy. This paper presents an explorative reference related to: i) progress of global geothermal development, i) the role of government and donors in, iii) Global status Indonesia in geothermal development, iv) Comparative investment policy. Analysis session present domestic experience focus on two issues on legal framework stage namely: i) Periodically stages on geothermal business process, ii) The main government stakeholders on geothermal investment.
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