WORLD GEOTHERMAL ENERGY SUMMIT - WGES 2012

Asia’s place to benchmark with global geothermal developers from Indonesia, Iceland, USA, Germany, Turkey, New Zealand, Chile and Africa among other booming countries.

Currently Indonesia is the world's third largest geothermal electricity producer after the United States and the Philippines; it has 40% of the world's potential geothermal resources.

85% of Indonesia Geothermal remains untapped and the government has set aside funds for investment in 9,500 MW of geothermal plants by 2025. This process to remove the barriers may include amendment of geothermal and forest conservation law.

The World Geothermal Energy Summit 2012 brings together all the stakeholders from across the geothermal spectrum to find solutions to financial, regulatory and technical challenges, and to increase the role of geothermal in the world’s energy mix.

Government regulators are requested to provide clear regulations on projects invested in Indonesia and they need to have credit worthiness to support developers/investors projects against foreign risk exchange; as well as legislation supporting R&D, the immediate development of EGS plants, risk insurance and applicable feed-in-tariffs.

On top of that, exploration and development implies severe risks which can actually be died down with new technologies such as Scaling Treatment, EGS, CCS, Deep Drilling, Portable Wellhead Generators and Binary Power Plants. About these and other procedures we will discuss next July in Jakarta.

Governments with policies to support renewable energy developments are also required to provide a funding (either as investment, grant or loan) to geothermal developments by investors and landowners. At the moment, banks, support programs, research organizations and private investors undertake this assignment.