New law and feed in tariffs for geothermal power projects in Indonesia

With the largest potential for geothermal energy in the world, Indonesia has an estimated 29 gigawatts of electricity that can be generated through geothermal sources but only 5 percent, or around 1,340 megawatts, of Indonesia’s geothermal resources are being exploited. 2014 will see Indonesia raise its overall geothermal capacity to 1,405 MW as three plants totaling 62 MW will become operational by the end of the year.

In the coming months, the Indonesian government is looking to issue a new law that will make it easier for investors to tap the country’s huge geothermal energy potential. The legislation is aiming to help Indonesia to develop its geothermal potential by removing a number of current obstacles to increased development and to spur investments through providing a better legal framework.

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Posted September 25, 2014 by repit in News

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