Spotlight Session
Sustainable Geothermal Development
Organized by: Asian Development Bank (ADB)
Thursday, 6 June 2024
11:00 a.m. - 12:30 p.m. (GMT +8) | Multi-Function Hall 3
Geothermal power is non-fluctuating and dispatchable renewable energy technology which can be clean base load and/or middle peak supply power plant in lieu of coal-fired and natural gas combined cycle powers. In 2023, around 15 gigawatt (GW) of geothermal power are online in the world. But it is only 0.8% of 2 terawatt (TW) of maximum potential geothermal capacity.
Geothermal power development entails extensive risks in exploring production wells which accounts for around 40% of total project cost. Such upfront risks and costs are major impediments for sustainable geothermal development. To utilize untapped potential of geothermal power, building an enabling framework to support the developer in reducing upfront investment risk is essential.
AGENDA
11:00 - 11:10 a.m.
Opening Remarks
Keiju Mitsuhashi, Director, Southeast Asia and the Pacific Team, Energy Sector, Sectors Group, Asian Development Bank (ADB)
11:10 - 11:20 a.m.
Geothermal Risk Management Facilities and Scaling Up Geothermal Power Developments
Challenges, Lessons, and the Way Forward in Indonesia.
Ilen Kardani, Director of Business Development & Exploration, PT Geo Dipa Energi, Indonesia
11:20 - 11:30 a.m.
Geothermal Risk Management Facilities and Scaling Up Geothermal Power Developments
Challenges, Lessons, and the Way Forward in the Philippines
Rainier M. Halcon, OIC, Geothermal Energy Management Division, Department of Energy, Philippines
11:30 - 11:40 a.m.
Sustainable Geothermal Development and Lessons Learned from New Zealand
Lessons Learned from New Zealand and How They Can be Applied in Developing Economies.
Phil Lory, Director, Eridani Consulting Limited, New Zealand
11:40 - 11:50 p.m.
Q&A Moderator: Daniel Miller
11:50 a.m. - 12:00 p.m.
Geothermal Energy Development in the Philippines: Challenges and Way Forward
Hazel Phiwee D. Cuan, Head-Business Development Control & Support, Energy Development Corporation, Philippines
12:00 - 12:10 p.m
Opportunities and Challenges for Geothermal Heating in Mongolia
Byambatuya Dagva, Energy Officer, ADB
12:10 - 12:30 p.m
Q&A and Closing Remarks
Daniel Miller, Senior Energy Specialist, ADB
SPEAKERS
Ilen Kardani
Director of Business Development & Exploration, PT Geo Dipa Energi, Indonesia
Rainier M. Halcon
OIC, Geothermal Energy Management Division, Department of Energy, Philippines
Philip Lory
Director, Eridani Consulting Limited, New Zealand
Hazel Phiwee D. Cuan
Energy Development Corporation
Byambatuya Dagva
Energy Officer, ADB
Daniel Miller
Senior Energy Specialist, ADB
Keiju Mitsuhashi
Director, Southeast Asia and the Pacific team, Energy Sector Office, Sector Groups, ADB