Govt to Spend $375m on Geothermal Exploration in 2016

The Indonesian government seeks to allocate Rp 5 trillion ($375 million) from the state budget next year for geothermal exploration, in order to accelerate development of the energy source that has a potential of 28,000 megawatts.

The money accounts for half of the Rp 10 trillion renewable energy budget that the government plans to spend next year, said Sudirman Said, the energy and mineral resources minister. The spending plan is part of the 2016 state budget, which has yet to be approved by the House of Representatives.

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Posted June 17, 2015 by repit in News

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