KEYFACT Energy
Drilling rig on site at Sorik Marapi, Indonesia (source: KS Orka)
With increasing international pressure and lack of investor interest in development, Indonesia is now eyeing the development of a cost recovery contract scheme for geothermal exploration in the country. This would look similar to schemes available to oil and gas exploration.
The government is trying to attract investors to invest in the New Renewable Energy (EBT) sector. The Ministry of Energy and Mineral Resources (ESDM) is preparing a formula to attract investors, including developing a cost recovery contract scheme for the development of the geothermal sector.
Alexander Richter, founded and Principal at ThinkGeoEnergy
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