Client Newsletter – New Geothermal Working Areas Tender Rules
The Minister of Energy and Mineral Resources (“MEMR”) has recently issued MEMR Regulation No. 37 Year 2018 on Offering of Geothermal Working Areas, Issuance of Geothermal License and Geothermal Business Assignment (“MEMR 37/2018”) which provides detailed provisions on, among other things, geothermal working areas tender procedures.
Through MEMR 37/2018, the MEMR clarifies, among other things: (a) steps and procedures for geothermal working area tender; (b) criteria of bidding participants, (c) criteria for determining the winners of successful tenders, and (d) detailed procedures for issuance of Geothermal Licenses (Izin Panas Bumi/IPB).
Please see our newsletter on this here.