The ministry has issued a new regulation regarding the ceiling price for new geothermal projects ranging from 11.8 US cents to 29.6 cents as part of the government’s program to attract more investors.
Under the regulation, the ceiling price will be applicable to new projects. Existing developments can also be adjusted with certain requirements.
According to a presentation delivered in a geothermal conference in Jakarta last week, ongoing geothermal development projects were asked to seal PPAs with the buyer of electricity (state electric company PLN) produced from geothermal plants on a given date.
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