Indonesia Announces Huge Geothermal Energy Investment

As it seeks to diversify its energy sources, the government says it is prepared to spend Rp 3.4 trillion ($367 million) to finance the construction of geothermal power plants.

The money will come from the State Investment Agency (PIP), which has been tasked with funding major infrastructure projects.

Soritaon Siregar, the chairman of the PIP, said on Wednesday that the agency would provide loans of Rp 2 trillion to companies to build geothermal power plants and another Rp 1.4 trillion to firms building micro-hydropower plants…. Read more

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