, Indonesia

BP to join Indonesia's geothermal energy projects

British Petroleum will take part in the development of geothermal energy projects in Indonesia.

 

"BP in talks just now agreed to participate in the development of geothermal energy in Indonesia thus to increase our power capacity," said Indonesian President Susilo Bambang Yudhoyono.

President Yudhoyono said the agreement was the result of his talks with BP CEO Bob Dudley at Gedung Agung.

The president said so far geothermal energy in the country has not yet been exploited well despite the fact that the country has the world`s biggest reserves.

He said the energy source has not yet been developed well due to investment challenges.

President Yudhoyono said although incentives had been given the sector has not developed well. He said the oil
subsidy had also made the price of geothermal energy not competitive yet.

For more.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!