Expertise: Natural resources

Renewable Energy Consumption, Policy and General Regulation – Indonesia

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Until mid-2020, the share of renewable energy in Indonesia’s total primary energy supply had only reached 10.9 percent. Coal-fired power plants still dominate the supply of electrical energy in Indonesia, while renewable energy power plants account for 14.69 percent of the total national installed power generation capacity. Hydropower and geothermal power account for a majority … Renewable Energy Consumption, Policy and General Regulation – Indonesia

New Regulation on Revenue Sharing Funds for Palm Oil Plantations in Indonesia

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The Indonesian government recently issued a regulation on revenue sharing funds for palm oil plantations, Government Regulation No. 38 of 2023 dated July 24, 2023, regarding Palm Oil Plantation Revenue Sharing Fund (“Palm Oil RSF”) (“GR 38/2023”). Before the enactment of GR 38/2023, only two types of revenue sharing funds were recognized under Minister of … New Regulation on Revenue Sharing Funds for Palm Oil Plantations in Indonesia

ESG Regulations: Indonesia

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SSEK Law Firm partner Denny Rahmansyah, senior associate Aldilla Stephanie Suwana and associate Albertus Jonathan Sukardi have contributed the Indonesia chapter to a regional guide on ESG regulations. With growing awareness of the impact of environmental, social and governance (ESG) standards pushing companies in Asia and around the globe to higher levels of accountability, Asia Business … ESG Regulations: Indonesia

Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

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The President of Indonesia, Joko Widodo, recently enacted Government Regulation No. 36 of 2023 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36”). GR 36 stipulates new requirements for exporters of natural resources to deposit their foreign exchange export proceeds (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya … Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

Indonesia Oil & Gas Regulation – Currency Exchange Restrictions

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The Indonesian Currency Law and Bank Indonesia (“BI”) Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah restrict most transactions within Indonesian territory from being carried out using foreign currency. Core upstream activities in Indonesia are exempted from this requirement for a certain period of time, such as expenditures in relation to the first three … Indonesia Oil & Gas Regulation – Currency Exchange Restrictions

Mining in Indonesia – Business Structures

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Most private parties engaging in mining business activities in Indonesia do so in the form of a limited liability company. In respect of foreign investment, Law 25/2007 requires a joint venture company to be established in the form of a limited liability company. Local Entity Requirements A foreign investment company carrying out mining exploration activities … Mining in Indonesia – Business Structures