From: By (MENAFN - ABN Newswire)
Indonesia the archipelago of 17000 islands owes its modern existence to integration of access of electricity and the increasing gap in the country's end-user energy market is threatening to set the country in energy poverty in less than 25 years.
The government of Indonesia recognizes this and are doing a great deal in ensuring that 95% of its nation is warranted electricity access by 2035. Intrinsically, with the abundance of natural energy sources, renewable energy is made the key instrument in materializing this goal and has been made to contribute to 15% of the national energy mix by then.
The clean energy industry however is witnessing a growth too slow to meet its future economic potential. The lack of right strategy, organisation and administration are the major causes of this sluggishness and will set to inhibit its development if no action is being taken.
While there have been several regulations and policies in place, the government have yet to roll out a strategic roadmap that promotes private sector investments and that facilitates the commercialization of these technologies. The current policy structure favours fossil fuel developments resulting in the competition between the 2 sources of energy generation. The lack of a transparent and robust financial mechanism paralyzes the ability of project developers to cope with the large scale of investment required.
Suffice to say, if all these are tackled upon, Indonesia will be on the roll of creating great investment opportunities for international project developers. It is estimated that Indonesia's potential of renewable energy capacity from hydroelectric, geothermal and biomass energy alone reached more than 150 gigawatts (GW) annually.
Indonesia has the biggest geothermal resource potentials in Asia, estimated at 27,510 megawatts, but with a total capacity of 1,052 megawatts, less than 5 percent of this potential has been developed. In biomass it is estimated that the country produces 146.7 million tons of biomass per year which translates to 50,000MW of electricity and this vast potential has attracted Japan and China's interest to explore possibilities of investment into the sector. There are more than 1,300 potential locations for exploitation of hydroelectric generation spread across the country and recent discussions have been on strategies to connect the micro-hydro power to the national grid.
Indonesia sees a bright sky for the clean energy industry. In fact it is not merely a solution for the desperate energy situation Indonesia is in but is potentially a strategy for climate change mitigation, poverty alleviation and in the long run, socio-economic driver of the country. What the country needs on top of the government's commitment is the private investment capitals and international project development expertise.
In partnership with Indonesia Ministry of Energy and Mineral Resources and Ministry of Finance Indonesia, All Events Group is proud to launch Green Investments Summit Indonesia 2010 as Indonesia's foremost platform to provide foresights and strategies to accelerate Indonesia's clean energy transition.
The highly dynamic agenda aims to highlight viable business opportunities in the energy sector that have high abatement potential while enabling investors to sustain their long-term corporate assets and shareholder value. Bringing together key stakeholders such as government regulatories, policy makers, investors, fund managers, financiers, clean energy developers and professional consultants, the 2-day conference hopes to stimulate informed dialogue among stakeholders on the opportunities that will emerge from a move towards a resilient and sustained low carbon economy.
Green Investments Summit Indonesia 2010 will bring together a coalition of public-private expertise to address to -
- Sustainable legislative and regulatory structures for successful mobilization of the public and private sector to accelerate clean energy deployment
- Innovative incentive and finance mechanisms that promotes investments that alleviates the large scale of investments
- Clean energy technologies that provides viable economic and business opportunities with high abatement potential in Indonesia
- Post Copenhagen carbon market updates and CDM project potentials
- Key strategies to effectively achieve non-competing and holistic national energy mix
Leading the discussions are key industry leaders from The Ministry of Energy and Mineral Resources Indonesia, Ministry of Finance Indonesia, The UK Department of International Development, PT Sarana Multi Infrastruktur, DTIE - UNEP, FMO, Intel Capital, E+Co., GTZ, Japan Bank for International Corporation, Asia Green Capital, The Clinton Group, Middle East and Asia Capital Partners, New Energy Finance, REEEP and many more.
Dr. Darwin Zahedy Saleh, Minister, Ministry of Energy and Mineral Resources Indonesia (Invited)
Sri Mulyani Indrawati, Minister, Ministry of Finance Indonesia (Invited)
Deepak Natarajan, Director, Intel Capital
Jeffrey Dickinson, Managing Director, E+Co.
Emma Sri Martini, President Director, PT Sarana Multi Infrastruktur
Maaike Gobel, Director of South East Asia and the Pacific, REEEP
Dieter Brulez, Coordinator of the Priority Area Climate Change, GTZ
Takashi Hongo, Director General and Special Advisor, Japan Bank for International Corporation
James Vener, PE Project Manager, DTIE - UNEP
Jurgen Rigterink, Chief Investments Officer, FMO
Edgare Kerkwijk, Managing Director, Asia Green Capital
Dr. Andrew Wardell, Regional Director of the Clinton Climate Initiative-Forestry, The Clinton Group
Mumtaz Khan, Chief Executive Officer, Middle East and Asia Capital Partners
John Romankiewickz, Senior Analyst Carbon Markets, New Energy Finance
Matthias Rhein, Senior Investment Advisor, UK Department of International Development