The government promises to provide incentives such as import-tax reduction to lure investors to the country’s untapped new and renewable energy potentials.
Speaking in his address at the opening ceremony of the annual conference of New Renewable Energy and Energy Conservation (EBTKE ConEx) and the International Geothermal Convention and Exhibition (IIGCE) on Wednesday, Energy and Mineral Resources Minister Sudirman Said promised to create a more conducive investment climate in the development of new and renewable energy.
“We need regulations that give more opportunities for investment, such as the elimination of import taxes for capital goods used for developing new and renewable energy,” said Sudirman.
He admitted that the reduction of import taxes would result in less income for the country. However, “In the long term, we will see added value in the sector,” he said.