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Indonesia achieved 93.2% of the yearly bioenergy investment target

Posted on : 21 Nov, 2016

 

Indonesia’s annual new and renewable energy target is set at US$1.37 billion – which is expected to be exceed, according to its Energy and Mineral Resources (ESDM) Ministry.

 

The country’s new and renewable energy sector has already received US$867 million at the end of July 2016 – which is 63.5% of the targeted investment amount.

 

Investment realization in bioenergy has already reached 93.2% of US$31 million target.

 

The other new and renewable energy sectors are also performing well with geothermal reaching US$56 million or 58.3% of US$96 million target whereas new renewable energy has seen investments of US$180,000 or 18% of US$1 million target.

 

ESDM is expected to announce revised electricity rate for new renewable energy this year. The revised electricity rate for biomass and biogas was already announced in Ministerial Regulation 21/2016 – with biomass electricity rate increases to Rp1,150 per kWh to US$13.5 cents per kWh or a 60% increase. Moreover, biogas electricity rate from Rp1,050 per kWh to US$10.64 cents per kWh or up by 30%.

 

More about Indonesia’s bioenergy and biogas market developments will be discussed at CMT’s 3rd Biomass & BioEnergy Asia on 27 February- 1 March, 2017 in Jakarta.

 

For more information about the event, contact Ms. Hafizah at hafizah@cmtsp.com.sg or call 65 6346 9218. 

 

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