Govt to Pay More for Geothermal Power

The Energy and Mineral Resources Ministry plans to offer higher prices for electricity produced by geothermal power plants, in a move to attract more investors and make geothermal projects more bankable.

According to a regulation issued by the ministry in 2012, state utility firm, Perusahaan Listrik Negara must sign long-term contracts to pay independent geothermal power producers between 10 cents and 18.5 cents per kilowatt hour — a pro-renewable energy policy mechanism known as Feed-In Tariff.

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Posted April 15, 2014 by repit in News

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