Client Alert – Presidential Regulation on Renewable Energy Development

The Government has finally issued the much-anticipated Presidential Regulation No. 112 of 2022 on the Acceleration of Renewable Energy Development for Electricity Generation (PR 112/2022). PR 112/2022 regulates two main topics, which long have been claimed as the main bottlenecks for development of renewable energy in Indonesia, namely the procurement and electricity purchase price mechanisms for renewable power plant projects. PR 112/2022 also sets a legal basis for energy transition and early retirement of coal-fired power plants program; and provides provisions to increase the synergy between Ministry of Energy Mineral Resource, Ministry of State-Owned Enterprises and Ministry of Finance in the renewable energy development and energy transition implementation program. Please see here for further details on PR 112/2022: Client Alert – Presidential Regulation on Renewable Energy Development

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