*vital in helping the government achieve its renewable energy target and reduce greenhouse gas emissions".* (FI)

Despite having a considerable amount of potential, geothermal energy utilisation in Indonesia, especially for the electricity generation, is not quite optimal. Currently, the geothermal energy in Indonesia that has been utilised for generating electricity is 2130.6 MW [46], making it the second-largest country with installed geothermal capacity, putting Philippines in third place with 1868 MW of installed capacity and following United States with 3639 MW of installed capacity [47]. Most of the installed geothermal capacity in Indonesia comes from the geothermal power plant in Java, which accounts for a total of 1253.8 MW of installed capacity, followed by Sumatra with 744.3 MW, Sulawesi with 120 MW, and lastly, Nusa Tenggara with 12.5 MW of installed capacity [46,48]. The development of geothermal energy is still yet to be done in many other regions in Indonesia.

Up until 2019, the utilisation of geothermal in Indonesia was only 2130.6 MW out of 56,509.53 MW, or around 3.77% of the total energy utilisation [24]. This number is still very small compared to the Philippines that have already 44.5% of its energy use from geothermal energy [28]. There are a few factors that have been the reason for Indonesia's lagging development of geothermal energy utilisation. Exploration and resource commercialisation of geothermal utilisation is a costly process, in addition to a small market for the resource. Limited investment financing schemes for geothermal development has also contributed to the stagnation in this industry.

According to PS, Deputy of Finance and Monetisation at the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas),
