Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it completed a study investigating the potential use of Redeemable Biomass Electricity Credits (RBEC) in the province of Riau in Indonesia.
The project was in collaboration with Universitas Muhammadiyah in Riau, Sumatra with grant funding provided by the Energy and Environment Partnership Indonesia (EEP), supported by the Ministry of Foreign Affairs of Finland.
Through the study, Jacobs assessed the feasibility of rural communities in Riau trading biomass with a power plant operator in exchange for RBECs credited against their electricity accounts; potentially increasing their access to affordable electricity and improving quality of life for residents, as well as reducing the environmental impact of agricultural waste.
The study explores how the RBEC concept could work in practice; analyzing financial, social, logistical and environmental considerations for the various stakeholders involved; including farmers, collectors, transporters, power plant developers, electricity purchasers and regulators. The completed study, which also identified potential pilot project locations, was presented to the Ministry of Energy and Mineral Resources of the Government of Indonesia.