Friday, July 20, 2012

Indonesia:

Low Prices Are Burning Geothermal Developers (Jakarta Globe)

The Indonesian government has identified 23 geothermal power plant projects, with a total combined capacity of 2,114 MWe, that are at risk of being halted because they are no longer feasible.

The developers of those projects have seen their costs steadily climb, forcing the selling price of power to be reviewed.

“The selling price of electricity from geothermal projects was set very low, so the developers were going to lose, if they continued with those projects,” Djadjang Sukarna, a renewable energy official at the Energy and Mineral Resources Ministry, said on Wednesday.