Government dangles 63% price hike to lure fast-track energy producers

The price paid to independent power producers for electricity is to be increased by up to 63% percent to encourage more investment in the sector, Jacobus Purwono, a senior official at the Energy and Mineral Resources Ministry, said on Tuesday (28/01/2009).
The government wants to see an additional 30,056 megawatts of generating capacity coming on stream by the end of the year, including 10,000 MW under the first stage of state electricity utility PT Perusahaan Gas Negara, or PKN’s, fast-track capacity expansion program.
Source: JakartaGlobe, p. B2, 28 January 2009