Indonesia:

Indonesian Govt Set to Raise Prices of Geothermal Power (The Jakarta Post)

(Courtesy CIA.gov)

The Indonesian government will raise the price of electricity produced by geothermal power plants to promote business certainty, and resolve a number of geothermal projects that have stalled due to financial problems, Energy and Mineral Resources Minister Jero Wacik said on Wednesday.

The minister said that with the revised pricing plan, investors involved in the operation of geothermal power plants would be given more certainty in running their businesses.

“The prices will be determined through a tender. Those with the lowest bid will win the geothermal projects being auctioned,” Jero said during the opening of the first Indonesia International Geothermal Convention and Exhibition.

Separately, the ministry’s director general for renewable energy and energy conservation Rida Mulyana said that the decree on the new pricing, which would be based on power plant capacity, as well as based on enthalpy, or heat content, would be issued next week.

There will be five groups based on power plant potency, namely over 55 MWe, 20 -55 MWe, 10-20 MWe, 5-10 MWe, and under 5 MWe.

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