Indonesia's Geothermal Revenue Reached Rp 1.93 Trillion in 2021

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Reza Pahlevi 26/01/2022 11:30 WIB

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Geothermal PNBP (State Revenue from Geothermal) is largely (97%) derived from government share of existing geothermal working areas. The remaining 3% comes from geothermal license holders (IPB).

Geothermal Non-Tax State Revenue (2016-2021)

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Indonesia's Geothermal Revenue Reached Rp 1.93 Trillion in 2021

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Geothermal Non-Tax State Revenue (2016-2021)

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Geothermal energy development also contributes to non-tax state revenue (PNBP). In 2021, PNBP from geothermal energy reached Rp 1.93 trillion.

Most (97%) of the geothermal PNBP is in the form of government share contributions from existing geothermal working areas. The remaining 3% comes from geothermal permit holders (IPB).

The 2021 realization value decreased from Rp 1.96 trillion in 2020. This decrease in PNBP is mainly due to the optimization of geothermal developer costs, the non-implementation of drilling activities, lower than planned operating costs, and others.

Since 2016, the value of geothermal PNBP has tended to fluctuate. It was recorded at Rp 952 billion in 2016 and increased to Rp 955 billion in 2017.

In 2018, geothermal PNBP surged to Rp 2.28 trillion, the highest in the last five years. The PNBP value decreased to Rp 1.93 trillion in 2019.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."