Indonesia’s Pertamina aims to reduce spending in U.S. dollar
JAKARTA, Oct 24 (Reuters) – Indonesia’s state-owned energy company Pertamina is looking to reduce spending of foreign exchange in U.S. dollars by seeking crude oil purchases in other currencies, a senior company official told Reuters on Wednesday. “The (Integrated Supply Chain unit), as executor of the tender, has requested to use other currencies apart from […]
Schneider Electric donates 1,000 portable solar lamps to PMI for Palu
Global energy management company Schneider Electric has distributed 1,000 portable light-emitting diode (LED) lamps that uses solar energy to disaster-affected areas in Central Sulawesi, it has said in a statement received on Tuesday. Schneider Electric Indonesia said the Mobiya portable lamps could store electricity and be used for up to 48 hours. The statement said […]
International financial agencies confirm their support of geothermal development in Indonesia
The World Bank, Asian Development Bank and other international financial agencies have confirmed their support for geothermal development in Indonesia. As reported by local news in Indonesia, several international financial agencies, among them the Asian Development Bank (ADB) confirm their support for the development of geothermal power project in Indonesia. In a statement this week […]
Indonesia expects to add 95 MW of additional geothermal capacity this year
Indonesia expects to see a geothermal power generation capacity increase of 95 MW by the end of 2018, with the addition of the 55 MW Lumut Balai Unit 1 by Pertamina Geothermal Energy and the 40 MW Sorik Marapi geothermal power plant. The installed capacity of the geothermal power generation capacity in Indonesia is expected […]
Bandung regional government wishes ownership position in geothermal development
The regional government of Bandung in Indonesia has raised the wish to receive an ownership position in geothermal development companies working on project in the region. The Government of the Bandung Regency in Indonesia has raised the wish to receive shared ownership in geothermal or geothermal exploitation companies. Bandung Regent Dadang M. Naser said, in accordance with the […]
Indonesia Eases Tax Holiday Policy for New FDI Projects in All Sectors
In a bid to attract more investment to support the country’s economic growth, Indonesia recently issued a new regulation granting a 100 percent Corporate Income Tax (CIT) cut to new FDI-backed businesses. The government has further announced that the tax holiday will now be offered to new investors in all business sectors in the country. […]