With a significant amount of geothermal potential, the World Bank has boosted the sector of Indonesia with a $400-million investment fund to help double the country’s energy capacity. The monetary injection, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), is designed to support the Indonesian government’s long-term goal of reducing greenhouse gas emissions by 26% by 2020.
This announcement comes on the heels of the Indonesian Energy and Mineral Resources Ministry announcing last month that it had revised the country’s geothermal potential to 28,100 MW, up from 27,000 MW a decade ago. Indonesia’s national energy policy aims to obtain 9,500 MW of power from geothermal sources by 2025 with less than 1,200 MW of geothermal energy explored to date, according to the CTF. The country aims to provide electricity to 90% of the residents from its current total of reaching only 65% by 2020.
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