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Indonesia to launch commodity exchange and expand geothermal energy
Indonesia is advancing several strategic economic initiatives focused on commodity sovereignty and renewable energy. President Prabowo Subianto has announced the establishment of the Strategic Mineral and Commodities Exchange, scheduled to begin operations on January 1, 2027. The exchange aims to allow Indonesia to set its own benchmark prices for key exports such as nickel, coal, and palm oil, moving the nation from a price taker to a market maker. M. Sardjito has been proposed to lead this new institution.
In the energy sector, Minister of Energy and Mineral Resources Bahlil Lahadalia highlighted Indonesia's significant geothermal potential, estimated at 27 to 30 gigawatts. Currently, only about 11.6 percent of this potential is utilized. The government has set a target for geothermal energy to contribute 15 percent to the national energy mix by 2050 to support energy independence and the transition to cleaner power.
Additionally, the government is working to strengthen the national bullion ecosystem. The newly formed Indonesia Bullion Market Association (IBMA) aims to integrate gold industry players from upstream to downstream to enhance the country's competitiveness and support the monetary system.
Entities
Bahlil Lahadalia · Financial Services Authority · Indonesia · Indonesia Bullion Market Association · Indonesia International Geothermal Convention & Exhibition · M. Sardjito · Ministry of Energy and Mineral Resources · Prabowo Subianto · Solok Selatan Regency
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] 88 percent of geothermal reserves in Indonesia remain unutilized. economy.okezone.com · ekonomi.republika.co.id
- [○ 1 SOURCE] The 2026 event commemorates the centenary of the first geothermal exploration in Indonesia.
- [● 2 SOURCES] Indonesia aims to become a global leader in the geothermal sector by 2030 through the '30.1' target. ekonomi.republika.co.id
- [○ 1 SOURCE] The IIGCE 2026 conference has more than 10,000 participants from Asia, Africa, Europe, America, the Middle East, and Oceania.
- [● 2 SOURCES] The 12th Indonesia International Geothermal Convention & Exhibition (IIGCE) opened in Jakarta on August 19, 2026.
- [○ 1 SOURCE] The IIGCE 2026 exhibition area covers more than 2,300 square meters.
- [● 4 SOURCES] Indonesia plans to establish a Strategic Mineral and Commodities Exchange to regulate its own natural resource prices. en.antaranews.com · mediaindonesia.com · ambon.tribunnews.com
- [● 3 SOURCES] Indonesia's geothermal potential is estimated between 27 and 30 gigawatts. economy.okezone.com · ekonomi.republika.co.id · ambon.tribunnews.com
- [○ 1 SOURCE] The 2026 IIGCE event commemorates the centenary of the first geothermal exploration in Indonesia.
- [● 5 SOURCES] The Strategic Mineral and Commodities Exchange is scheduled to begin operations on January 1, 2027. en.antaranews.com · mediaindonesia.com · ekbis.harianjogja.com · steelnews.biz · english.kontan.co.id
- [● 3 SOURCES] The current installed geothermal capacity in Indonesia is approximately 2,776 megawatts. economy.okezone.com · ekonomi.republika.co.id
- [● 2 SOURCES] Indonesia aims for geothermal energy to contribute approximately 15 percent to the national energy mix by 2050. economy.okezone.com · ekonomi.republika.co.id