A Comparative Global Geothermal Development Analysis: Indonesia Investment Perspective

One of the current suggestions on low global oil price is a good momentum to optimize utilization of geothermal resources as renewable energy. Meanwhile, Government and donors countries have partnership experiences to remove some barriers such as legal framework on business process for attracting private sectors to invest in geothermal project financing. An explorative analysis on comparative global geothermal development based on Indonesia investment perspective is methodology of this paper. As a qualitative-descriptive paper, this method focused on literature review to obtain literature or secondary data. The data used are secondary data obtained from various sources, such as Ministry of Energy and Mineral Resources (MEMR), Ministry of Finance, PT PLN as well as a range of research and other resources accessed through the internet. The goal of these explorations to find some lessons learned which might be used by the GoI to utilize its largest world potential of geothermal resources more transparent, efficiently, and effectively. Based on global geothermal development current status shows that the role of private companies in Indonesia position is the second-ranking on share geothermal utilization. Unfortunately, Indonesia position on the share of resource to potential utilization is in the third-ranking compare to six leading geothermal countries. This means that Indonesia has the opportunity to scale up its resource potential utilization. Managing this opportunity, the GoI should continue its experience to support and guarantee private companies business process strategically.