Thursday, July 26, 2012

Indonesia:

Indonesian Geothermal Energy Plan Raises Hackles (The Jakarta Globe)

Not everyone is happy with government’s plan, announced by Energy and Mineral Resources Minister Jero Wacik, to increase the purchase price of electricity produced by geothermal sources from 9.7 cents per kilowatt hour to between 10 cents and 17 cents per kilowatt hour.

State utility company Perusahaan Listrik Negara, which buys the power from independent producers, said the price was “too high” and did not reflect the typical investment return for projects in renewable energy.

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