Tuesday, January 19, 2016

Indonesia: Governement to Auction 1,065 MW of Geothermal Energy Developments Over Next Two Years

Government of Indonesia to Auction Geothermal Power Blocks (Indonesia Investments - press release)

The government of Indonesia will offer 21 geothermal blocks to investors over the next two years. Combined these 21 blocks, which are estimated to require USD $4.2 billion in investment, have a power generation capacity of 1,065 MW. An official of Indonesia's Ministry of Energy and Mineral Resources said most of the geothermal power blocks will be offered through an open auction. The first auction is expected to take place in March 2016.

Yunus Saifulhak, Chief of Geothermal Power at the Energy Ministry's Directorate General, said the government has selected 26 geothermal working areas to be offered to investors. Five have already been tendered last year. The remaining 21 blocks are set to be offered in 2016-2017. The Indonesian government is currently studying which blocks are ready to be tendered first.

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