The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Electricity demand is growing rapidly in Indonesia as the country's economy expands and
diversifies and the national grid is extended to reach many of the more remote islands and communities.
The government has set ambitious targets to rapidly expand domestic electricity capacity and generation
over the next five to ten years and has enacted a number of measures to encourage private foreign
investment in the power sector. Despite a significant project pipeline which encompasses coal and naturalgas
fired thermal plants. and a broad range of renewables we do not expect the country to meet its targets
in the current format, falling short as projects are hampered by inefficient management, widespread
corruption, lack of financing and lack acquisition barriers.
Latest Updates And Structural Trends
? The solar power sector will receive a boost from the introduction of a feed-in tariff which was approved
in July 2016. The total quota is 250MW which is divided between various regions in the country. The
tariff will also vary by region and is dependent on project size, with additional stipulations regarding the
use of domestic services and materials.
? In August 2016 Singapore based KS Orka Renewables Pte Ltd announced it had completed the
acquisition of a 100% stake in OTP Geothermal Pte Ltd (having purchased Tata Power's 50% share) and
will now progress with the development of the 240MW Sorik Merapi Geothermal Power Project in North