Govt raises prices for geothermal power plants to lure investors (The Jakarta Post)
The Indonesian government has finally raised the feed-in-tariff for geothermal power plants to between 10 to 17 US cents per kilowatt-hour (kWh) from 9.7 cents per kWh to lure more investors enter the geothermal power business.
Energy and Mineral Resources Minister Jero Wacik said on Tuesday, the feed-in-tariff or the purchasing price of state electricity company PLN for geothermal power plants was increased in order to attract more investors to tap into the country’s rich geothermal resource.
“The new prices will vary from region to region, where the power plants are located. For example, the price in Sumatra would be 10 cents, Java would be 11 cents, while Papua 17 cents,
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