Products & Database

Indonesian Geothermal Report 2023: Prospect, outlook, opportunities & challenges of geothermal utilization in Indonesia

"Indonesian Geothermal Report 2023" is a comprehensive source of information on geothermal sector in Indonesia. It is an invaluable source of information on current situation of geothermal power plants in Indonesia, under-development concessions and plans for the future. The report explains investment options for domestic and foreign company and regulations that manages the sector. The report features profiles of key players in the geothermal sector as well as future prospect of geothermal utilization such as lithium extraction and green hydrogen.

This report identifies the geothermal market in Indonesia, including how the geothermal business flows, the effects of the enactment of new regulations on geothermal, geothermal company snapshots, and future geothermal development in Indonesia. Opportunities for geothermal development in Indonesia, not only from the power generation sector is examined in this report. Studies and updates on the use of geothermal brine as a source of lithium and utilization of geothermal as a new source of green hydrogen are also examined. The report also presents opportunities for geothermal utilization in the fields of agriculture, aquaculture and geotourism.

Finally we explained the latest progress and plans from each geothermal concessions, both from existing and under development, pointing the business opportunities that might interest you. This report is definitely a must-buy reference for not only business executives, prospective geothermal investors, players, but also research centres and consultants.

 

 

Table of Content

LIST OF FIGURES    4
LIST OF TABLES    8
ABBREVIATIONS    12
EXECUTIVE SUMMARY    15
I.    INTRODUCTION    17
I.1.    Geothermal Overview and Its Advantages    17
I.2.    Current Utilization of Geothermal in Indonesia    26
I.3.    Installed Geothermal Power Plant in Indonesia    29
II.    GEOTHERMAL COMMERCIALIZATION & UTILIZATION IN INDONESIA    31
II.1.    Geothermal for Electricity Generation    31
II.1.1.    Managing Regulations for Geothermal Power Plant    31
II.1.2.    Geothermal Development Flow    33
II.1.3.    Geothermal Power Plant Tender Processes in Indonesia    36
II.1.4.    Price Policy    42
II.1.5.    Geothermal Project Cost    47
II.1.6.    Investment Incentives    48
II.1.7.    Geothermal and Carbon Trading    50
II.2.    Geothermal Utilization for Non-Electricity Generation    58
II.2.1.    Tourism    59
II.2.2.    Agribusiness    62
II.2.3.    Aquaculture    64
III.    CURRENTLY OPERATING GEOTHERMAL POWER PLANTS    65
III.1.    Geotheral Power Plants in Indonesia by Type    65
III.1.1.    Flash Steam Power Plant    65
III.1.2.    Dry Steam Power Plant    66
III.1.3.    Binary Cycle Power Plant    66
III.2.    Geothermal Power Plants in Indonesia by Size    69
III.3.    Profile of Operating Geothermal Power Plants    70
III.4.    Under Development/Construction Geothermal Projects    99
III.4.1.    Brownfields Development    99
III.4.2.    Greenfields Development    104
III.5.    Current Exploration Geothermal Areas    122
III.5.1.    Geothermal Working Area - WKP    122
III.5.2.    Preliminary Survey and Exploration Assginment - PSPE    134
III.5.3.    Government Drilling Program    146
III.6.    Geothermal Companies in Indonesia    159
IV.    INVESTING IN GEOTHERMAL BUSINESS IN INDONESIA    187
IV.1.    Investing Options & Schemes    187
V.    ISSUES AND CHALLENGES OF GEOTHERMAL DEVELOPMENT    188
V.1.    Geothermal Selling Tariff    188
V.2.    High Relief and Lack of Infrastructure Condition    192
V.3.    Lack of Exploration Data    195
V.4.    Community Rejection    197
V.5.    COVID-19 Pandemic    202
VI.    INDONESIAN GEOTHERMAL DEVELOPMENT OUTLOOK    205
VI.1.    Outlook for Electricity Generation    205
VI.1.1.    GOI Strategies to Become the Largest Geothermal Producer    205
VI.1.2.    Geothermal Funding Facilities    213
VI.1.3.    Small-Scale Geothermal Plant    218
VI.1.4.    Low-Medium Temperature Geothermal Fields    220
VI.1.5.    Export Market for Geothermal Electricity    228
VI.1.6.    CO2 Plume Geothermal    231
VI.1.7.    Retrofitting Abandoned Oil Well into Geothermal Well    233
VI.2.    Future Development for Non-Electricity Generation    240
VI.2.1.    Lithium Extraction from Geothermal Brine    240
VI.2.2.    Geothermal as Future Green Hydrogen Source    255
VI.2.3.    Geothermal Direct Utilization    258
VII.    INDUSTRIES CONTACT    265
REFERENCES    276