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Indonesia confirms geothermal FIT of $0.11-0.12/ kWh

Indonesia confirms geothermal FIT of $0.11-0.12/ kWh Jakarta, Indonesia (source: flckr/ fidzonflickr, creative commons)
Francisco Rojas 4 Jun 2014

The Minister for energy detailed in a press conference from the EBTKE-ConEx 2014 in Jakarta that this are good news for investors and to promote stability and growth.

According to local Indonesian news, the Minister of Energy and Mineral Resources has announced the prices for electricity generated from geothermal sources would be in the range of 11-12 cents (USD) per kWh. ‘

The same news source explains that the minister has signed this pricing last week, more precisely on the 1st of June , and is expected to be a reference for investors to make investment calculations based power supply geothermal. 

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Source: Waspada Online News Website