Banda Baru Geothermal Survey Tender Fails to Attract Bidders By: Robert Buluma Indonesia's push toward renewable energy suffered a notable setback in late 2025 when the tender for the Preliminary Survey and Exploration Assignment (WPSPE) of the Banda Baru Sepa geothermal block closed without a single bidder. Located on the remote Seram Island in Maluku Province, this 1,989-hectare site was seen as a promising addition to the nation's geothermal portfolio, with estimated potential of around 25-30 MW. The tender, open from October 31 to December 1, 2025, aimed to assign a developer for initial surveys and exploration, but the lack of interest underscores deep-rooted challenges in attracting investment to Indonesia's geothermal sector. Seram Island, a rugged and largely undeveloped landmass north of Ambon, is characterized by dense rainforests, towering mountains, and limited infrastructure. The Banda Baru block's location amplifies logistical difficulties, making it a to...
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