NEW COAL PRICE CAP FOR POWER GENERATION
Recently, the Minister of Energy and Mineral Resources (“MEMR”) issued 2 (two) decrees on the price of coal, MEMR Decree No. 1395 K/30/MEM/2018 dated 9 March 2018 on The Coal Price for Power Generation for the Public Interest (“MEMR 1395/2018”) later amended by MEMR Decree No. 1410 K/30/MEM/2018 dated 12 March 2018 (“MEMR 1410/2018”) as an implementation of Government Regulation No. 8 of 2018 (“GR 8/2018”) and MEMR Regulation No. 19 of 2018 (“MEMR 19/2018”) which provides a legal basis for setting the maximum price for coal used for the generation of electric power for the public interest. In short, MEMR 1395/2018 and MEMR 1410/2018 are intended to address the risk of coal price fluctuations due to the recent increase in the market price for coal for the electric power industry for the public interest by determining the sale price of coal for generating electric power for the public interest as part of the domestic market obligation (“DMO”).
***
Contacts:
Vincent Ariesta Lie vincent.lie@makarim.com
Heru Mardijarto heru.mardijarto@makarim.com
Dirgantara Adi Nugroho dirgantara.nugroho@makarim.com
Stephen Sim stephen.sim@makarim.com
To read the full article, please download the pdf copy below.
NEXT ARTICLES
Update on the Registration Obligation of Private Electronic System Organizers
Registration deadline for Private Electronic System Organizers (both domestic and foreign) are approaching fast ! Minister of Communication and Information (MOCI) has issued Circular Letter No. 3 of 2020 under which the deadline is set on 20 July 2022.
Download read more
AGMS and LKPM Reports
We would like to remind you of the Annual General Meeting of Shareholders (“AGMS”) that according to Article 78 (2) of the Company Law
Download read more
The New Regulation on the Procurement of Goods and Services in the State-Owned Enterprises Sector
On 12 December 2019, the new Minister of State Owned Enterprises, Erick Thohir, issued new Ministry of State Owned Enterprises Regulation No. PER-08/MBU/12/2019 on General Guidelines on the Implementation by State Owned Enterprises of the Procurement of Goods and Services (“MSOE Reg 8/2019”), which came into force on 16 December 2019.
Download read more
The Wait is Over: Indonesia’s Carbon Exchange Can Now Open for Business
Issue 16, September 2023 | Indonesia has introduced OJK Regulation No. 14 of 2023 on Carbon Exchange, marking a clear step in the country's carbon trading direction.
Download read more