Govt raises prices for geothermal power plants to lure investors

The government has finally raised the feed-in-tariff for geothermal power plants to between 10 to 17 US cents per kilowatt-hour (kWh) from 9.7 cents per kWh to lure more investors enter the geothermal power business.

Energy and Mineral Resources Minister Jero Wacik said on Tuesday, the feed-in-tariff or the purchasing price of state electricity company PLN for geothermal power plants was increased in order to attract more investors to tap into the country’s rich geothermal resource.

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Posted July 18, 2012 by repit in News

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