Indonesia has promised that it will provide incentives, including import-tax reduction, in an effort to increase investment in the country’s renewable energy projects.
According to The Jakarta Post, Indonesian Energy and Mineral Resources Minister, Sudirman Said, announced new regulations that would help create new investment opportunities for the development of renewable energy sector.
“We need regulations that give more opportunities for investment, such as the elimination of import taxes for capital goods used for developing new and renewable energy. In the long term, we will see added value in the sector,” Sudirman Said was quoted as saying by The Jakarta Post .
As reported earlier , the Energy and Mineral Resources Ministry of Indonesia announced plans for the development of wave and current power plants in the country, with the possibility of launching a pilot marine current generation project later this year.
Image: flickr/Karen Blaha