Indonesia:

Indonesian Govt to Pay More for Geothermal Power (Jakarta Globe)

(Courtesy CIA.gov)

The Energy and Mineral Resources Ministry plans to offer higher prices for electricity produced by geothermal power plants, in a move to attract more investors and make geothermal projects more bankable.

According to a regulation issued by the ministry in 2012, state utility firm, Perusahaan Listrik Negara must sign long-term contracts to pay independent geothermal power producers between 10 cents and 18.5 cents per kilowatt hour — a pro-renewable energy policy mechanism known as Feed-In Tariff.

Ridha Mulyana, the director general for new and renewable energy at the ministry, said that the government will reintroduce auctions for geothermal energy station opportunities.

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