This article relates to pax's Indonesian projects (sokoria/flores particularly), regarding a gov't guarantee that the gov't owned utility will be able to pay the power plants for their power (as I understand it).
http://thinkgeoenergy.com/archives/8421
Apparently there has been some doubt among investors that they would be able to pay for their ambitious goals re: geothermal expansion. With guaranteed generous feed-in tariffs and a goal 0f 40% total energy from geothermal (4000MW), the investment climate in Indo seems to be a lot friendlier than the climate here in Oz.
The Indo gov't certainly seems to be making all the right noises and hopefully we see some snappy progress for pax in getting some mw's up and running in Indo in the next 2-3 years.
Add to My Watchlist
What is My Watchlist?