The Minister of Energy and Mineral Resources (“ESDM”) recently issued Regulation of the Minister of ESDM No. 42 of 2017 concerning the Supervision of Exploitation in Business Activities in the Energy and Mineral Resources Sector (“Permen 42/2017”). Applicable to oil and natural gas, electrical power, minerals and coal, and geothermal energy businesses, this regulation requires an approval from the Minister in connection with some agenda items.
HPRP Partner, Hendra Ong, and an associate lawyer, Monica Elizabeth Dina, have prepared an executive summary of the new regulation. The summary explains important matters related to the electrical power sector in connection with the issuance of Permen 42/2017, which could affect the implementation of power station projects in Indonesia. Further, it also gives an explanation of the requirements of the new regulation in connection with transfers of shares and changing directors and commissioners.
With its extensive expertise in Energy and Mineral Resources, particularly in the electrical power sector, HPRP has been successfully assisting corporations in the industry in a wide range of legal areas. Please contact email@example.com or firstname.lastname@example.org or by phone on +6221-5701837 for further details.