ESDM Sector Regulation Aimed to Increase Investment

By : Herry Barus And Aldo Bella Putra | Thursday, September 07 2017 - 15:15 IWST

Menkeu Sri Mulyani- CEO Freeport-McMoran Richard Adkerson- Menteri ESDM Ignasius Jonan
Menkeu Sri Mulyani- CEO Freeport-McMoran Richard Adkerson- Menteri ESDM Ignasius Jonan

INDUSTRY.co.id - Jakarta- ESDM Minister Ignatius Jonan said every regulation he issued was always aimed at encouraging investment rather than hampering it.

"We have also cut licenses to encourage investment," he said during a working meeting with House Commission VII in Jakarta on Wednesday.

Previously, in the meeting, House Commission VII asked Jonan to revise the eight EMR candies because it was considered to have hampered investment.

Eighth rule is the Energy and Mineral Resources Regulation No. 6 of 2017 on Procedures and Requirements on the Implementation of the Implementation of Sales Implementation of Minerals Overseas from Processing and Permurnian.

Then, Minister of Energy and Mineral Resources Number 7 Year 2017 concerning Procedures for the Determination of Iron and Coal Minerals Sales Selling Price. Permen ESDM No. 10 of 2017 on Principles in Power Sale and Purchase Agreement and Energy and Mineral Resources Regulation Number 11 Year 2017 on Natural Gas Utilization for Power Plant Electricity.

Furthermore, the Ministerial Regulation No. 12 of 2017 on Utilization of Renewable Energy Resources for the Provision of Electric Power and Energy and Mineral Resources Regulation No. 19 of 2017 on the Utilization of Coal for Power Plant and Purchase of Excess Power (Excess Power).

Then, ESDM Ministerial Regulation Number 42 Year 2017 concerning Control of Enterprises on Business Activities in EMR and ESDM Sectors Number 43 No. 2017 on Utilization of Renewable Energy Sources for the Provision of Electric Power.

Minister Jonan said some of the rules had been revised.

Among other things, the Minister of Energy and Mineral Resources No. 11 of 2017 on Utilization of Natural Gas for Power Plants into Energy and Mineral Resources Regulation Number 45 of 2017.

Then, ESDM Ministerial Regulation Number 42 Year 2017 concerning Control of Enterprises on Business Activities in the ESDM Sector was revised to the Minister of Energy and Mineral Resources No. 48 of 2017.

Energy and Mineral Resources Regulation No. 10 of 2017 on the Principles of the Sale and Purchase of Electricity Agreement was revised to the Minister of Energy and Mineral Resources No. 49 of 2017.

The Minister of Energy and Mineral Resources Decree Number 12 of 2017 on the Utilization of Renewable Energy Sources for the Provision of Electricity is revised through ESDM Ministerial Regulation Number 50 Year 2017, and ESDM Regulation Number 8 Year 2017 on Gross Split Revenue Sharing Contract is revised into ESDM Ministerial Regulation No. 52 of 2017.

Chairman of the House of Representatives Commission VII Gus Irawan Pasaribu who chaired the meeting as reported by Antara said in addition to the candy, it also asked the Minister of EMR to revise other rules that hinder investment.

"This is in line with the direction of President Joko Widodo," he said.

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