{"id":19822,"date":"2024-07-19T03:04:48","date_gmt":"2024-07-19T03:04:48","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/memr-evaluating-financial-terms-for-geothermal-projects-in-indonesia\/"},"modified":"2024-07-19T03:04:48","modified_gmt":"2024-07-19T03:04:48","slug":"memr-evaluating-financial-terms-for-geothermal-projects-in-indonesia","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/memr-evaluating-financial-terms-for-geothermal-projects-in-indonesia\/","title":{"rendered":"MEMR evaluating financial terms for geothermal projects in Indonesia"},"content":{"rendered":"
\n

The Ministry of Energy and Mineral Resources<\/a> (MEMR) of Indonesia is working with an independent team from the Gadjah Mada University<\/a> (UGM) to evaluate several financial terms in a bid to attract more investments into Indonesia\u2019s geothermal sector. This was based on the proposals by geothermal players to adjust the amount of fess imposed on holders of geothermal permits (IPB).<\/p>\n

The study is evaluating the effects of cutting or simplifying the relevant fees for IPB holders on the economics of geothermal levels. The fees being considered here are those within the scope of the MEMR, such as the production contributions, production bonuses, and fixed contributions.<\/p>\n

\u201cThe Directorate General of EBTKE has collaborated with UGM to conduct the study independently, the response has been very positive,\u201d<\/em> said Riza Pasikki, Secretary General of the Indonesian Geothermal Association<\/a> (INAGA \/ API).<\/p>\n

Aside from lowering of fees, the MEMR is also discussing the possibility of other fiscal incentives such as adjusting the land and business tax, value added tax, and income tax of geothermal companies. These are, however, under the jurisdiction of the Ministry of Finance.<\/p>\n

Previous reports have indicated that the MEMR has been working on a draft of derivative regulations of \u00a0Presidential Regulation Number 112\/2022 that will allow geothermal independent power producers (IPPs) to negotiate with PLN for the purchase price of electricity from geothermal power plants.<\/p>\n

\u201cFor example, if the price revision says it\u2019s not attractive, then we try to evaluate it and determine how good the figure is, but the mechanism doesn\u2019t change, only the value,\u201d<\/em> explained Harris Yahya, Head of the EBTKE Electricity Survey and Testing Center of the MEMR.<\/p>\n

The results of the evaluation of fees, as well as the proposed derivate regulations, are expected before the end of the year.<\/p>\n

Source: Bisnis.com<\/a><\/p>\n

The post MEMR evaluating financial terms for geothermal projects in Indonesia<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Indonesia’s MEMR is working with a team from the Gadjah Mada University to evaluate possible fiscal incentives to attract investment into the geothermal sector.<\/p>\n

The post MEMR evaluating financial terms for geothermal projects in Indonesia<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[4467,18552,3529,168,14670,14669,815,18808,2380,10498,7490],"class_list":["post-19822","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-energy","tag-evaluating","tag-financial","tag-for","tag-geo","tag-geothermal","tag-indonesia","tag-memr","tag-projects","tag-terms","tag-think"],"yoast_head":"\nMEMR evaluating financial terms for geothermal projects in Indonesia - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/memr-evaluating-financial-terms-for-geothermal-projects-in-indonesia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MEMR evaluating financial terms for geothermal projects in Indonesia - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"Indonesia's MEMR is working with a team from the Gadjah Mada University to evaluate possible fiscal incentives to attract investment into the geothermal sector. 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