A new regulation aimed at setting a fixed feed-in tariff for geothermal power is about to come, clearing uncertainties for investors. However, a lack of accurate data on geothermal reserves in existing fields seems to have curbed investor confidence and impeded price negotiations.

The government is set to introduce a feed-in tariff mechanism this month to push down the huge costs and limit the risks of geothermal exploration, in efforts to reach the country’s target of generating 7,000 MW of electricity from geothermal sources, a ministry official has said.