Jakarta
(ANTARA News) - Government investment agency Pusat Investasi Pemerintah (PIP)
has allocated around US$192 million for investment in the geothermal sector in
the second semester this year, PIP chief Soritaon Siregar said.
"A
total of US$132 million of the funds will be for exploitation activities and
US$60 million for two projects now still under exploration," he said in
Banten on Saturday.
He said the
investment for geothermal projects is indeed huge because the government is
striving to increase electricity supply from renewable sources.
On the
other hand, he said, the geothermal investment is also risky as only three out
of ten explorations could be continued to a exploitation stage.
In view of
that it is difficult to expect private parties to develop the business by
themselves, he said.
"To
reduce risks PIP is now setting up a team of the best consultants in the world
hailing from Japan, Norway, Australia and the US," he said.
They will
be assigned to appoint technical, legal and financial consultants and
supervisors to analyze the investment risks seen from various fields.
Regarding
mini hydro-power projects (PLTMH) PIP meanwhile has allocated around Rp649
billion distributed to 29 applicants for investment loans, he said.
"All
the applicants for the PLTMH projects are private because the value of the
project is too small to be carried out a state-owned enterprise," he said.
He said the
PLTMH projects are located in Sumatra, Java and Sulawesi.
Besides
geothermal and PLTMH projects PIP also plans in the second semestet to purchase
securities worth Rp1.5 trillion and carry out a public-private partnership
project worth Rp100 billion.
Total funds
provided for investment in the same year is Rp13.280 trillion.
Editor: Suryanto
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