UK export guarantees to support $102m geothermal investment in Indonesia

View over Jakarta, Indonesia (source: flickr/ Nick Gray, creative commons)
Francisco Rojas 27 Jul 2015

The UK Government has 1 billion pounds on loans aimed at financing infrastructure projects in South-east Asia.

The UK’s premier, David Cameron has commenced today a tour around South-East Asia, aiming at bolstering new trade agreements and bringing nearly 1 billion pounds on loans aimed at financing infrastructure projects in the region.

The first stop for Mr. Cameron is Indonesia where he will meet meet Indonesia’s President Widodo to discuss among other trade issues, “geothermal power projects worth £66m” (USD $102m) according to The Guardian.

The UK has big investment plans and follow suit to other European nations, since Indonesia has been attracting investments primarily from the EU and renewable energy is growing in importance. Considering the need for energy in Indonesia, and the latent potential, we might see a bright future for renewables and specially geothermal in the near future.

Source: The Guardian