and the type and capacity of the plant, the construction and operation schedule, and a copy of the relevant power purchase agreement); and (iii) environmental requirements, as discussed further below.
5. Duration of licenses 5.1 What is the maximum duration of a license for (i) exploration, (ii) exploitation and/or (iii) power plant? A Geothermal License may be granted for a period of up to 37 years and may be subsequently extended for up to 20 years for each extension. While only a single Geothermal License is issued for both exploration and exploitation activities, the Geothermal License will comprise of two stages: (i) exploration / feasibility study, for a maximum period of 5 years which may be extended twice for a maximum period of 1 year per extension; and (ii) exploitation / utilization stage, for a maximum period of 30 years.
6. Terms of licenses 6.1 Are exploration license holders granted pre-emptive rights with regards to exploitation or do exploration licenses automatically convert into exploitation licenses if the resource has been substantiated? If so, are there any conditions?
INDONESIA
An IUPTL is granted for up to 30 years and can be extended. There are no express limitations or restrictions on the number (or period) of extensions that can be obtained by an IUPTL holder. We note that the issuing authority has broad discretion on this matter by considering the term of the relevant power purchase agreement.
A single Geothermal License is issued for both exploration and exploitation activities. However, in order to move from the exploration (feasibility stage) of the Geothermal License to the exploitation (utilization stage), the Geothermal License holder must submit to MEMR for prior approval the results of its feasibility study evidencing a technically and economically feasible
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