06 September 2021
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Request for Expressions of Interest: Study of Reducing the Cost of Geothermal Development

Date : 2021-09-06 - 2021-09-20
Status : Close/Tutup

Geothermal Resource Risk Mitigation (GREM)
Project ID:  CTF Grant Number TF0A4089

Assignment Title: Study of Reducing the Cost of Geothermal Development
Reference No. (As per Procurement Plan): FC6

The Government of Indonesia, supported by The World Bank, establishes a Geothermal Resource Risk Mitigation (GREM) Facility to support exploration drilling by state‐owned and private sector developers. The GREM Facility is managed by PT Sarana Multi Infrastruktur (SMI) as the financial intermediary. In the GREM implementation, PT SMI will conduct a study of Reducing the Cost of Geothermal Development. In this context, PT SMI, currently seeks for Interested and Eligible Consultant (“Consultant”) to support PT SMI in developing the study.

The objective of this activity is to provide advice and develop recommended strategies for Ministry of Energy and Mineral Resources (MEMR) to reduce the cost of geothermal power development in Indonesia. The advice should be based on national best practice and international best practice adapted to the Indonesia context. The scope of work under this assignment has the following tasks:

  1. Comparison of Global Data on Geothermal Development Cost
  2. Impact of Geothermal Resource Risk Mitigation to the Development Cost
  3. Impact of Geothermal Drilling to the Development Cost
  4. Impact of Fiscal Incentives Provided by Government
  5. Impact of Staged Development to the Project Financial Feasibility
  6. Impact of Different Scenarios to the Geothermal Project’s Financial Feasibility
  7. Tender Mechanism and Tariff Setting for Geothermal Development
  8. Comparison of Geothermal Energy and Other Renewable Energy Options

In this regard, PT SMI is inviting Consultants to express their interest to participate in the selection of Services. The shortlisting criteria are having proven track record of at least ten years in developing similar analysis and strategies for geothermal development projects in Indonesia and internationally. The firm should form a team which shall include combination of international and national experts which are familiar with the Indonesia geothermal industry and regulation.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for Investment Project Financing (IPF) Borrowers: Procurement in Investment Project Financing for Goods, Works, Non-Consulting and Consulting Services” dated July 2016, revised on November 2017 and August 2018 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

Consultants may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications. In case of an association, the EOI must explicitly specify whether the association is in the form of a Joint Venture (all members jointly and severally liable for the entire assignment), or Sub-consultancy. In case of joint venture, the member firm appointed to represent the joint venture must be clearly identified. Only the qualifications and experience of members of joint venture, but not of sub-consultants, shall be considered in the EOI evaluation process

A Consultant will be selected in accordance with the Selection Based on Consultants’ Qualifications (CQS) method set out in the Consultant Guidelines. The following criteria will be used to evaluate the EOI proposals:

  • Having at least 10 years of general experience in geothermal energy development, including infrastructure, drilling and power plant facilities. Experience in Indonesia geothermal development is preferable.
  • Having at least 5 years of specific experience in preparing geothermal project Feasibility Study which include project budget and a project financial model.
  • A good understanding of global best practices in government policies to support geothermal development. Understanding in Indonesia regulatory framework on geothermal is preferable.

Further information or clarification on REoI can be obtained via email to GREM_procurement@ptsmi.co.id cc: ddkprocurement@ptsmi.co.id or at the address mentioned below during office hours [08.30 to 17.00 Indonesia Standard Time]

Expressions of interest must be delivered in a written form to the address below through mail (hardcopy) or by e-mail (softcopy) by September 20th, 2021 (16.00 hours Indonesia Standard Time).

Jakarta, September 6th, 2021


Cipto Adi Utomo
Kepala Divisi Umum dan Pengadaan
Sahid Sudirman Center, 47th Floor Jl. Jend. Sudirman No. 86 Jakarta 10220, Indonesia
Tel: +62 (21) 8082 5288
Fax: +62 (21) 8082 5258
E-mail: GEUDP_procurement@ptsmi.co.id  cc: ddkprocurement@ptsmi.co.id


Download Terms of Reference here

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