The renewable energy business very promising

Renewable energy

Subsidiary of the World Bank, International Finance Corporation, plans to work on the finance sector and renewable energy consultants in Indonesia. The slow development of new and renewable energy in Indonesia of which is due to the lack of technical and financial consultants in the sector. 

In fact, the business opportunities in the energy is great and beneficial because Indonesia has vast energy resources in the sector. "Unfortunately, the potential of new and renewable energy in Indonesia is very rich, but not yet well developed. During this time, the government is still focused solely on fossil fuels, "said Operator Officer International Finance Corporation (IFC). 

Seeing a huge business opportunity, he said, a subsidiary of the World Bank, IFC, beginning this year, plans to work on the financing sector and renewable energy consultants in Indonesia.

Still the lack of financial institutions who dared to finance renewable energy projects it into an opportunity that will be worked on IFC because it is relatively abundant reserves of the sector. Banking sector still think it's risky, but the potential is huge. Efforts were also made to maintain the energy of the future.

He cited last year's energy savings by the government to supply the industrial sector can save energy up to 58 terawatt hour (TWH) of electricity per year. "Or about twice the power supplies in Greater Jakarta in two years," he explained.

Yogi said if the addition of renewable energy can be resolved soon, many benefits can be taken by the government, which is able to save the power supply to reduce the subsidy burden. Thus, Indonesia no longer rely entirely on fossil fuels.

This year, he said, IFC, in cooperation with Bank Permata, has budgeted up to 75 million U.S. dollars to finance the renewable energy sector. Some of the renewable energy sector has been the target of IFC is geothermal, hydro, biomass, biogas, and solar power and solar.

"Initially, we were working on the scope small and middle first," he added. He explained that, in practice, will be poured IFC investment in two ways, namely through infrastructure projects such as infrastructure development and renewable energy sector through the banking IFC partners with re-sharing between banks and customers.

Meanwhile, Deputy Secretary General of Indonesian Renewable Energy Society (METI), Yani Witjaksono, said it supports the steps taken by the IFC. According to him, with the help of technical consultants and financing, new and renewable energy can accelerate the development of renewable energy that can be used by the public.

However, Yani expect any special legal protection governing the development of new and renewable energy is. "We hope the government would soon issue a special law on renewable energy," he said. According to him, despite the development of renewable energy have been implemented since a few years ago, until now, has not been developed.

Therefore, it is needed for renewable energy can be developed in Indonesia are policies and regulations that really set everything in order to stimulate investment in the sector. More Seriously Former Governor of Organization of Petroleum Exporting Countries (OPEC), Maizar Rahman, reminded the government to be more serious in developing new and renewable energy to replace fossil fuels immediately.

According to him, the more new reserves are hard to find, and Indonesia is now a relatively poor country oil. Maizar said the rate of fossil fuel consumption continues to increase from year to year. That caused the competition getting tighter and oil prices increasing.

According to him, Indonesia has a new and renewable energy sources such as solar, geothermal, and water is abundant and undeveloped. "Based on the study, solar energy will be the energy in the world in the future. Therefore, since the present government should focus on new and renewable energy, especially solar, "said research professor in Lemigas it.

Source:  Newspaper