De-risking geothermal projects, Indonesian government drilling in three geothermal areas
The Indonesian government has conducted drilling on project sites in two geothermal working areas, Waesano and Jailolo, with drilling for a third one in Nage being prepared. This is an effort to de-risk projects for investments into development by private investors.
As reported locally, the Indonesian government has been conducting drilling in two geothermal working areas with a third one in progress in the hope to de-risk projects attracting investors.
This year, the Directorate General of New and Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM) prepared three exploration drilling programs in three Geothermal Working Areas (WKP) this year.
The three WKPs are located in Waesano (East Nusa Tenggara), Jailolo (North Maluku), and Nage (East Nusa Tenggara). ESDM Ministry’s Geothermal Director Ida Nuryatin Finahari said that there were already two WKPs being developed, namely Waesano WKP and Jailolo WKP. While drilling for the new Nage WKP will begin, Ida said at a recent event in Jakarta.
Furthermore, Ida explained this government drilling is to minimize risks for companies that will manage the three WKPs. Because the government has done the drilling process first. “The risk has been taken by the Government.
The government indeed continues to strive to accelerate the development of geothermal energy. One of the efforts is by cooperating with other Ministries / Institutions. Together with the Ministry of Finance, the Ministry of Energy and Mineral Resources initiated government drilling. The program is expected to be able to increase geothermal development because the risk of drilling has been borne by the government.