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Jumat, Oktober 20, 2023

Govt. Set to Provide Fiscal Support to Further Expedite Transition Towards Renewable Energy Power Plant Development

In an effort to support the government’s stated goal of ultimately closing the country’s steam power plants (Pembangkit Listrik Tenaga Uap – "PLTU") and transitioning towards the operation of renewable energy (Energi Baru Terbarukan – "EBT") power plants, the Minister of Finance ("Minister") has decided to provide fiscal support aimed at facilitating this transition, as set out under Regulation No. 103 of 2023 ("Regulation 103/2023"), which has been in force since 13 October 2023.
At its core, Regulation 103/2023 is ultimately aimed at facilitating a fair and affordable transition towards the use of EBT by addressing the following aspects: 1) Funding and financing mechanisms, including blended financing, as implemented through an energy transition platform ("Platform"); 2) Provision of fiscal support through the Platform; and 3) Coordinated and integrated mechanism that will be used to manage the Platform.
Under Regulation 103/2023, certain facilities may be offered through the Platform by its managers, including the following types of financing: 1) Loans or other forms of financing; and/or 2) Cooperation schemes between business entities and the government. In this regard, certain parties are entitled to submit applications for said facilities, including: 1) PT PLN (Persero) and its subsidiaries; 2) Electrical power providers and/or their shareholders; 3) Sponsors of the providers outlined in point (2) above; 3) Investors; and/or 4) Other prospective Platform facility recipients.
It should be noted that Platform facilities may be utilized for certain purposes, including: 1) PLTU projects in line with operational periods that will terminate sooner; 2) PLTU projects involving the sale and purchase of electrical power (Perjanjian Jual Beli Tenaga Listrik/PJBL) that will be terminated sooner; and/or 3) Projects relating to the development of EBT power plants as replacements for the PLTU projects outlined in points (1) and (2) above.

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In an effort to support the government’s stated goal of ultimately closing the country’s steam power plants (Pembangkit Listrik Tenaga Uap – "PLTU") and transitioning towards the operation of renewable energy (Energi Baru Terbarukan – "EBT") power plants, the Minister of Finance ("Minister") has decided to provide fiscal support aimed at facilitating this transition, as set out under Regulation No. 103 of 2023 ("Regulation 103/2023"), which has been in force since 13 October 2023.
At its core, Regulation 103/2023 is ultimately aimed at facilitating a fair and affordable transition towards the use of EBT by addressing the following aspects: 1) Funding and financing mechanisms, including blended financing, as implemented through an energy transition platform ("Platform"); 2) Provision of fiscal support through the Platform; and 3) Coordinated and integrated mechanism that will be used to manage the Platform.
Under Regulation 103/2023, certain facilities may be offered through the Platform by its managers, including the following types of financing: 1) Loans or other forms of financing; and/or 2) Cooperation schemes between business entities and the government. In this regard, certain parties are entitled to submit applications for said facilities, including: 1) PT PLN (Persero) and its subsidiaries; 2) Electrical power providers and/or their shareholders; 3) Sponsors of the providers outlined in point (2) above; 3) Investors; and/or 4) Other prospective Platform facility recipients.
It should be noted that Platform facilities may be utilized for certain purposes, including: 1) PLTU projects in line with operational periods that will terminate sooner; 2) PLTU projects involving the sale and purchase of electrical power (Perjanjian Jual Beli Tenaga Listrik/PJBL) that will be terminated sooner; and/or 3) Projects relating to the development of EBT power plants as replacements for the PLTU projects outlined in points (1) and (2) above.

......

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Layanan Penerjemahan Peraturan
Precedent Hukumonline
Virtual Discussion

PROFESSIONAL

Rp 4.500.000

per bulan

Semua Fitur Paket Standard
Terjemahan Peraturan
Peraturan Konsolidasi
Premium Stories
Monthly Law Review (MLR)
Indonesian Law Digest (ILD)

STANDARD

Rp 2.500.000

per bulan

Indonesian Legal Brief (ILB)
Daily Updates
Bantuan Layanan Pencarian Peraturan
Pusat Data Peraturan dan Putusan Pengadilan Non-Precedent

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