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In brief

The Minister of Energy and Mineral Resources has finally approved PLN’s 2021-2030 Electricity Supply Business Plan (RUPTL). A copy of the RUPTL can be downloaded from PLN’s website here.

This long-anticipated RUPTL marks a pivotal milestone for PLN. For the first time, the majority of power generation projects to be developed are renewable energy projects, accounting for 51.6% of 40,575 MW of power generation projects. The RUPTL also allocates a bigger share to Independent Power Producers (IPP) in developing power generation projects.

The new RUPTL also lays down, among other things, PLN’s strategies to reduce the effects of greenhouse gases, and its target to achieve net zero emission by 2060, which is the policy adopted by the current administration in line with the UNFCCC’s Paris Agreement.


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Author

Norman is a foreign legal Consultant in the Finance & Projects practice group of HHP Law Firm. Norman's experience includes cross-border M&A, concession agreements, PSCs, project structuring, EPC contracts and gas/LNG sales agreements.

Author

Nadia has more than 20 years of experience handling a wide range of finance, projects and corporate transactions, including project development and project financing, as well as acquisition, acting for international and domestic project developers, state-owned enterprises, contractors and lenders.

Author

Fanny Kurniawan is an Associate Partner in Hadiputranto, Hadinoto & Partners, Jakarta office.

Author

Karina Sungkono is an Associate in Hadiputranto, Hadinoto & Partners Jakarta office.

Author

Kim Hock Ang is a principal in Baker McKenzie Wong & Leow's Finance & Projects Team, where he focuses on major infrastructure project development and energy projects development (including LNG), from the inception stage where the consortium is formed and investment structure is designed, to the project documentation, financing and sale of such brownfield asset post commercial operation date. Kim Hock has acted in several award-winning projects such as the Sarulla Geothermal Power Project. It is the largest single-contract geothermal power project in the world, and it won Finance Deal of the Year (Project) at the 2015 American Lawyer Asia Legal Awards, among other accolades.