MANILA, PHILIPPINES — The Asian Development Bank (ADB) has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources.
The renewable energy project will provide clean, baseload power to an Indonesian grid currently dominated by aging coal and oil-fired power plants. It is expected to reduce 1.3 million tons of carbon dioxide emissions per year upon completion, which is estimated to be in 2018.
“Geothermal power taps into an abundant indigenous resource in Indonesia that can provide a more sustainable and secure form of clean energy while significantly lowerin...
Indonesia is planning a new feed-in tariff (FiT) as high as US$0.25 per kilowatt hour applicable for 20 years, the country’s Finance Minister Agus Martowardojo has announced.
The government said the FiT was intended to promote the construction of new solar facilities in remote areas of Indonesia, such as on Flores Island in East Nusa Tenggara and few regions in Papua, reports the Jakarta Globe.
The government will retain its competitive bidding process for new solar power facilities, so the higher FiT rate may not be applicable to bid winners.
But Martowardojo said: “Should the investors decide to use more locally made components, then the price would be higher.”
State owned energy regulator PLN will purchase the electricity generated from facilities receiving the FiT.
Ref: PV Tech
The Indonesian government is calling for a tender for the construction of at least 150 megawatts worth of solar power projects across the country.
The official announcement is expected next month, reported Indonesia’s Antara news agency. The tender expected to render 19 trillion Indonesian rupiah ($1.95 billion) worth of power purchase deals.
According to the energy and mineral resources ministry director Rida Mulyana, the tender process will be based on the ministry’s regulation on feed-in tariffs of solar power stations that are anticipated to be issued next week.