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Jakarta Post

RI eyes more investment in renewable energy sector

  • The Jakarta Post

Jakarta   /   Wed, July 14 2010   /  10:17 am

The Indonesian government affirmed its commitment to boost investment in renewable energy by offering incentives to investors and setting regulations that ensure the growth of domestic renewable energy utilization, a senior official says.The director general of new energy at the Energy and Mineral Resources Ministry, Maryam Ayuni, said Tuesday that the 2007 Energy Law mandated the government to offer incentives for the provision and utilization of renewable energy for a certain period of time.“The 2010 Finance Ministry regulations on renewable energy incentives offer tax benefits for renewable energy investments, such as exemptions of value added tax, income tax, import duties, as well as tax holiday,” she said at the Green Investments Summit 2010 at the Grand Hyatt Hotel.She added that a 2009 law on small- and medium-scale power generation using renewable energy also obliged state e...