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Jakarta Post

Geothermal energy catalyst for Indonesian, New Zealand relationship

  • Michael Andrew

    The Jakarta Post

Jakarta   /   Thu, January 23, 2020   /  07:36 am
The Jakarta Post Image
Indonesia is estimated to have some of the world’s greatest geothermal energy reserves.(Reuters/-)

Investment in Indonesia’s geothermal energy sector would strengthen the longstanding collaboration between Indonesia and New Zealand, a senior New Zealand diplomat has said.  The two countries have enjoyed a strong partnership in geothermal energy since the 1970s and much of New Zealand’s foreign aid to Indonesia goes toward the geothermal industry, New Zealand Ambassador to Indonesia Jonathan Austin told The Jakarta Post. However, he said Indonesian coal subsidies made it hard for geothermal energy to compete and for investors to commit to projects, some of which take up to a decade to develop.  “If you’re going to subsidize any form of energy you should be subsidizing renewables and not fossil fuels. That will be critical for unlocking renewable energy here,” Austin said. “Every megawatt of coal power production that we offset i...