Monday 28 July 2008

Price of geothermal electricity increased

The government issued the price regulation on geothermal electricity. Based on this regulation, the price of geothermal electricity is 7-8 cent USD per kWh, higher from the price before that less than 5 cent USD per kWh. The government hopes that with this new price the geothermal electricity business will become more interesting. This new price regulation is stated on the regulation of Ministry of Energy and Mineral Resources No. 14 Year 2008 (Kompas, p. 17)

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