Indonesian geothermal legislation expected to pass this month

A new piece of legislation emitted by the Indonesian Government on Geothermal, known as the “Draft Bill” will be passed this month before the previously set target of 1 July 2014. Represented by Jero Wacik, the Minister of Energy and Mineral Resources, the Government has said that the Draft Bill will help with the current national power deficit by encouraging the construction of geothermal power plants.

“Prospective investors will surely always calculate the power purchase price so they can adjust investment costs. By providing an attractive feed in tariff scheme, this will surely stimulate investment flows,” said Mr. Wacik.

read more

Posted June 12, 2014 by repit in News

%d bloggers like this: