Increase in Electricity Price Tariffs for Panax Geothermal’s Indonesian Projects

Panax Geothermal Limited (“Panax”) is pleased to report that the Indonesian Government has confirmed a significant increase in the electricity tariff that will be payable for Panax’s geothermal energy projects in Indonesia.
The feed-in-tariff for Indonesian geothermal projects will increase from the current $US97/MWh, to $US120/MWh for geothermal projects in Java, and to $US150/MWh for projects on the island of Flores.

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Posted July 30, 2012 by repit in News

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