Geothermal operations to give greater benefits to locals

The newly passed Geothermal Law is expected to provide a greater contribution to the local economy, although the central government will take back authority from local administrations to issue exploration rights to investors.

Under the law, passed by the House of Representatives last week, local administrations will no longer have the authority to issue the rights for the exploration and exploitation of geothermal resources in their areas.

The government is hoping to eliminate the complicated licensing procedures at the provincial level.

Rida Mulyana, director general of renewable energy at the Energy and Mineral Resources Ministry, said that local administrations would receive more money from the development of their geothermal resources even if they will no longer decide the issuance of exploration and exploitation rights to investors.

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Posted September 8, 2014 by repit in News

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