http://www.renewables-indonesia.com/homepage.html
Aim: World’s Largest Geothermal Energy User
Indonesia aims to become the world's largest geothermal energy user; a realistic and justifiable goal as the country now ranks as 3rd in terms of geothermal energy consumption after the United States and the Philippines. Indonesia is in possession of 40 percent of world's geothermal resources while energy utilisation is only five percent. The wealth of renewable energy resources, especially geothermal, hydropower and biomass, remains largely unexploited or under developed. In a recent report released by the Ministry of Energy and Mineral Resources, statistics revealed that renewable energy accounts for only 3.4 percent of total potential reserves.
"Indonesia has the world's largest geothermal power potential. Some $400 million in support from the Clean Technology Fund (CTF) will help mobilise some $2.7 billion in public and private sector financing to help Indonesia nearly double its geothermal capacity and transform the country's use of renewable energy. The CTF plan for Indonesia is designed to transform the country's development pattern while supporting its continued economic growth and the plan allocates extensive co-financing to expand large-scale geothermal electricity generation." (Source: The Jakarta Post, 24th March 2010)
At the opening of the 4th World Geothermal Congress (WGC) at the Nusa Dua resort of Indonesia's tourist resort province of Bali on April 27, 2010, President Susilo Bambang Yudhoyono said "To accelerate the development of geothermal plants, the government could not work alone but will cooperate with international financial institutions and donor countries." The government has set a target of attracting approximately US$12 billion in new investment for the geothermal sector and a geothermal energy production capacity of 3,977 megawatt (MW) as a part of its second phase 10,000 MW power project.
TARGET 2025: Use of more Renewable Energy
On this note, the government has backed up an initiative to implement the use of more renewable energy by 2025, with the induction of tax oriented incentives, aimed to invite more global investment in the region and in turn, optimally exploit the expanse of natural resources available for this purpose.
The Energy and Mineral Resources Ministry in Indonesia also announced that "we will optimize energy which has not been used so far, such as geothermal and nuclear energy, as well as coal up to ten folds, so that we could cut the emission by 16 percent." At a seminar by Bogor Institute of Agriculture (IPB), Chief Economic Minister remarked "the government had to build power generators to increase the capacity of its electricity and to boost its economic growth to seven percent before 2014 so that it would be able to increase the competitive edge of its industrial products in the world market".
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