JAKARTA -(Dow Jones)- Indonesia hopes to attract as much as $12 billion in investments in its massive geothermal resources during an event in Bali next month, a government official said Thursday.
Bambang Setiawan, Director General of Mineral Resources, Coal, and Geothermal at the Ministry of Energy and Mineral Resources told reporters that investments of that size would be needed to help Indonesia add a total 4,700 megawatts of geothermal generating capacity over the next few years.
The government will present these opportunities to international investors during the 4th World Geothermal Congress to be held on the resort island April 25-30, Setiawan said.
Indonesia is estimated to have 28,000 MW of geothermal potential, the most of any country in the world.
-By Deden Sudrajat