|FOR IMMEDIATE RELEASE
July 29, 2011
Thomas R. Hardy | (703) 875-4357
INDONESIA DELEGATION INVITES U.S. COMPANIES TO PARTICIPATE IN NEW GEOTHERMAL POWER DEVELOPMENT DURING USTDA SPONSORED TRADE MISSION
ARLINGTON, VA – To achieve the goals of the U.S.-Indonesia Geothermal Development Initiative, a reverse trade mission (RTM) sponsored by USTDA was recently concluded that brought Indonesian officials to the United States to learn about U.S. geothermal power development and best practices. In an effort to expand Indonesia's ability to take advantage of its geothermal power potential, seven delegates from provincial governments, three from the private sector and two from the central government's Ministry of Energy and Mineral Resources and the Indonesian Institute for Clean Energy joined in a ten day visit to the United States to better understand how the United States is producing power from its geothermal resources.
Between July 10 and July 20 the delegation participated in 22 site visits and business meetings, including: visiting geothermal power plants and the companies that developed and operate them and meetings with state energy regulators and public utilities and direct service and technology providers for project development.
Highlighting the importance of the visit, USTDA Deputy Director Peggy Philbin stated, "We believe that by sharing our best practices in policy, pricing, technologies, expertise, and education, we can forge a strong partnership for increased geothermal development in Indonesia that will benefit not just our two countries, but also the global environment through the development of a plentiful source of clean energy."
USTDA's support for the trade mission is the most recent project to be part of the U.S.-Indonesia Geothermal Development Initiative. Since the Initiative's launch in March 2010, USTDA has invested over $2.3 million to support geothermal power development in Indonesia. Working with PT Star Energy Geothermal Halmahera and PT Indonesia Power, USTDA is funding analyses on adding hundreds of megawatts of new geothermal resources to Indonesia's power grid.
Indonesia is estimated to account for 40 percent of the world's geothermal reserves. To take advantage of these resources, the government of Indonesia has mandated that geothermal energy provide at least 5 percent of the nation's electricity by 2025. To accomplish this goal Indonesia is looking to develop 4000 MW of new geothermal power by 2015, issuing development rights for over 26 new geothermal blocks. This means considerable opportunity to scale up power production for the country's producers, such as Pertamina Geothermal Energy, which is seeking to increase its current installed capacity from 292 MW to 1322 MW by 2015. Based on current projections, this production increase would require an estimated $2 billion in investment.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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