$275 million fund to push geothermal development launched in Indonesia

26.08.2022 | Munich (renewablepress) - The Government of Indonesia plans to support development of geothermal projects in the country with a USD 275 million Geothermal Fund, financially supported by the World Bank Group. As an emerging economy in Southeast Asia, Indonesia faces an ever growing electricity demand and is making strong efforts to tap mostly into renewable energy sources to provide electricity for further economic growth, with geothermal energy as an important cornerstone of that strategy. The Director for Geothermal Energy in Indonesia’s Ministry of Energy and Mineral Resources, Yunus Saefulhak announced the establishment of the Geoth... more...