NewEnergyNews: INDONESIA INVITES FOREIGN CAPITAL FOR GEOTHERMAL

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    Friday, February 05, 2016

    INDONESIA INVITES FOREIGN CAPITAL FOR GEOTHERMAL

    Foreigners may own 100% of geothermal businesses

    Koirhul Amin, February 4, 2016 (Jakarta Post)

    “The government will issue a new regulation soon that will allow foreign investors to hold 100 percent ownership of [10 megawatt or larger] geothermal power plants …[as] part of the government’s program to boost investment in clean energy in Southeast Asia’s largest economy…For plants with a capacity of less than 10 MW, foreign ownership will be capped at 67 percent…Currently foreign investors may own up to 95 percent of plants with greater than 10 MW capacity…The government is aiming to increase the use of renewable energy from 6 percent in 2014 to at least 23 percent by 2025 and at least 31 percent in 2050…[The government also plans] to allow up to 49 percent foreign investment in high- and extra high-voltage power installation services, while medium- and low-voltage power installation would remain closed to foreign investors…Currently all power installation services must be fully owned by local investors…” click here for more

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