Indonesia relaxing foreign ownership rules on geothermal power plants
Under new rules released in Indonesia, full foreign ownership for geothermal plants has now been allowed for plants larger than 10 MW and at 67% for plants of smaller sizes.
In order to spur investment in various industry sectors, Indonesia has relaxed foreign ownership rules in the the power, e-commerce and retail sectors as reported by Reuters this morning.
For the geothermal sector, the new rules allow foreign entities to fully own geothermal power plants of more than 10 MW in power generation capacity and 67% for smaller sized plants.
This decision was made by Indonesia’s Investment Coordinating Board.
There are currently no further details available, but we will report when we receive more information.