Sri Mulyani Inspired by Iceland Regarding Indonesia's Geothermal

Translator

Ricky Mohammad Nugraha

Editor

Laila Afifa

Jumat, 26 April 2019 07:20 WIB

Finance Minister Sri Mulyani, MRT CEO William Sabandar, and Finance Ministry officials at the MRT Senayan Station, Jakarta, Wednesday, March 6, 2019. TEMPO/Francisca Christy Rosana

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani recalled about Iceland’s success in managing the country’s energy potential before the entrepreneurs and business players in the electricity industry.

“I always recall Iceland, when I went there as an economist, this country once went bankrupt because of energy imports,” said Sri at the groundbreaking of geothermal power plant project (PLTP) of Dieng 2 and Patuha 2, on Thursday, April 25.

She continued to talk about the condition Iceland has to face since it is located close to the north pole and the country’s fuel dependence in powering indoor house heaters.

“Their balance of payments was greatly affected because of imports,” the minister said.

However, she said it didn’t take long for the country to change their energy sector policy after realizing the plethora of geothermal sources they had all along.

In terms of domestic issues, Sri Mulyani expressed her dream of taking Indonesia to the path that Iceland went through considering Indonesia’s geothermal potential and reserve.

Based on the data provided by the Energy and Mineral Resources Ministry, Indonesia’s geothermal capacity is predictably able to generate 29 Gigawatt of electricity but is now only able to tap 6.7 percent of that.

FAJAR PEBRIANTO

Read: Indonesia Only Utilizes 10 Percent of Geothermal Energy

Related News

Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit

3 hari lalu

Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit

Finance Minister Sri Mulyani Indrawati said the rupiah exchange rate depreciated by 2.89 percent year-to-date (ytd) in the first quarter of this year.

Read More

Energy Ministry Raises Biofuel Prices in May

4 hari lalu

Energy Ministry Raises Biofuel Prices in May

The Ministry of Energy and Mineral Resources (ESDM) has set the market index price for biofuel, particularly biodiesel, at Rp12,453 per liter.

Read More

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

6 hari lalu

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

Sri Mulyani said that geopolitical tensions in the Middle East became the focus of world leaders, which will have a significant economic impact.

Read More

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

10 hari lalu

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

Finance Minister Sri Mulyani said that geopolitical tensions in the Middle East are on the rise and have drawn the attention of global leaders.

Read More

Sri Mulyani Urges Global Finance Ministers for Enhanced Role in Climate Change Initiatives

18 hari lalu

Sri Mulyani Urges Global Finance Ministers for Enhanced Role in Climate Change Initiatives

Sri Mulyani as urged global finance ministers to be more involved in developing climate strategies or NDCs

Read More

Sri Mulyani Holds Strategy Meeting to Anticipate Economic Impact of Iran's Strike on Israel

19 hari lalu

Sri Mulyani Holds Strategy Meeting to Anticipate Economic Impact of Iran's Strike on Israel

Conflicts between countries in the Middle East continue to escalate following Iran's strike on Israel on Saturday night, April 13, 2024.

Read More

To Go Nuclear, the Public Must be Onboard

21 hari lalu

To Go Nuclear, the Public Must be Onboard

Surveys over the past decade show that nuclear energy as an energy option is being increasingly accepted in Indonesia.

Read More

Sri Mulyani Testifies Jokowi' Social Aid Comes from President's Operational Funds

31 hari lalu

Sri Mulyani Testifies Jokowi' Social Aid Comes from President's Operational Funds

Finance Minister Sri Mulyani testified at the hearing of the presidential election dispute case at the Constitutional Court in Jakarta, on Friday.

Read More

Finance Minister Sri Mulyani Testifies in Election Dispute Hearing at Constitutional Court

31 hari lalu

Finance Minister Sri Mulyani Testifies in Election Dispute Hearing at Constitutional Court

Finance Minister Sri Mulyani Indrawati guarantees that the preparation of the 2024 State Budget (APBN) was not affected by the 2024 general election.

Read More

Election Dispute Hearing; Ganjar-Mahfud's Team Optimistic Summoned Ministers will Deliver Facts

31 hari lalu

Election Dispute Hearing; Ganjar-Mahfud's Team Optimistic Summoned Ministers will Deliver Facts

On Monday, Chief Justice Suhartoyo confirmed that the Court would summon four ministers in the 2024 presidential election dispute hearing.

Read More