Indonesia Geothermal Resource Risk Mitigation Project
Harnessing geothermal energy development to help reduce greenhouse gas emissions while meeting electrification needs in Indonesia.
As an emerging economy with a goal to reach 99.7 percent national electrification by 2025, Indonesia’s energy demands are increasing. The country has the world’s largest estimated potential for geothermal energy resources, but its development has been limited due to risky and expensive early-stage development costs. These barriers are further exacerbated by the geothermal tariff framework which needs to be competitive to enable private sector investment.
This project aims to help the Government of Indonesia scale up geothermal energy development by introducing a well-designed upstream risk mitigation mechanism and by promoting a conducive regulatory environment. Under this project, both public and private sector geothermal developers will have access to funds to help mitigate early stage development risks. The geothermal resource risk mitigation facility will provide contingent financing and soft loans for resource confirmation drilling.
The project has an estimated lifespan of 10 years.
- Private sector
- Public sector
GCF financing100% disbursed
|Total GCF Financing|
General media inquiriesGCF Communications
Request for informationGCF Information Disclosure
Request information about this project
Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint
Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
National Designated Authority
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
|2020 Annual Performance Report for FP083: Indonesia Geothermal Resource Risk Mitigation Project||Annual Performance Report||21 Aug 2021|
|Gender assessment for FP083: Indonesia Geothermal Resource Risk Mitigation Project||Gender assessment||10 Jan 2019|
|Gender action plan for FP083: Indonesia Geothermal Resource Risk Mitigation Project||Gender action plan||10 Jan 2019|
|Indonesia geothermal resource risk mitigation project||Approved funding proposal||28 Nov 2018|
|Environmental and social safeguards (ESS) report for FP083: Indonesia Geothermal Resource Risk Mitigation Project||Environmental and Social Safeguards report||28 Sep 2018|
News + Stories
GCF supports Indonesia's energy transition with de-risking geothermal development
24 Jan 2019 / GCF's Indonesia geothermal project is at the heart of Indonesia's energy transition drive and promises to improve the share of renewables which currently accounts for 12.5 percent of the country's electricity generation.