| Government Liability Risks of Geothermal Energy Exploration |
 |
 |
 |
| Tuesday, 30 November 2010 09:42 | |||||||
Page 1 of 2 Jakarta - The government will bear the risk of exploration of the construction of geothermal power plants (geothermal) through public-private partnership schemes (public-private partnership / PPP) by providing a budget of Rp1, 162 trillion."The already approved Rp1, 162 trillion. Parliament has been agreed and will be completed to Kemenkeu that 2011 was no allocation for it," said Deputy of Infrastructure Ministry of National Development Planning (VAT) / Bappenas Dedy Supriadi Priatna when met here on Monday. He said the funds are used to ensure potential failure that may occur, such as geothermal power that does not match the quality and quantity is required in the process of exploration and drilling wells to search for geothermal energy. According to him, the government will bear the costs of exploration when not managed to find the hot earth who are not eligible. However, if successful, exploration costs borne by investors who remain invested. "The risk borne by investors plus interest. Investors would want to because there is no exploration risk fee again," he said. He explained that funds amounting to Rp1, 162 trillion would be used to bear six geothermal power project that will begin construction in 2011. According to him, foreign investors interested in developing geothermal power projects came from Japan, USA, and Europe. "Six projects outside Java is all. We've got a target of 3000 MW for geothermal` `, the most (interest) from Japan, America and Europe," said Dedy. (ANTARANews)
|
Legitimacy & Law
About Us
Trusted Partner
