Indonesia to issue feed-in tariffs to boost renewable energy sector

JAKARTA: Indonesia plans to issue a presidential regulation on a feed-in tariff system in a bid to boost investment in its renewable energy sector.

The feed-in tariffs will be divided into two stages. The first will offer renewable power plant developers a fixed electricity price for 12 years.

At the second stage, and on the plant’s thirteenth year, the government will offer an even lower fixed price until the end of the contract.