FCPA Compliance Report-Episode 329, James Koukios
On May 30, 2024, the Government of Indonesia (the "GOI") enacted Government Regulation No. 25 of 2024 ("GR 25/2024"), amending Government Regulation No. 96 of 2021 on the Implementation of Mineral and Coal Mining Activities...more
Indonesia has relaxed restrictive local content requirements applying to electricity infrastructure projects. Under the new regulations, Indonesia will apply an exemption for projects that receive at least half their funding...more
Buoyed by healthy GDP growth and rising consumer confidence, Indonesian M&A has been on a roll in recent years. Southeast Asia’s largest economy has largely evaded macroeconomic headwinds such as high inflation and weakening...more
In line with government objectives globally, Indonesia is working towards reshaping its energy policy. In 2014, the Indonesian government took significant steps to establish the groundwork for Indonesia's new energy...more
Indonesia has set an ambitious target to reach net zero emissions by 2060. The deployment of clean energy technologies, such as carbon capture and storage (“CCS”) and carbon capture, utilization and storage (“CCUS”), will...more
Climate Change Litigation on the Horizon with Trump Environmental Overhaul - On July 16, 2020, President Trump’s Council on Environmental Quality (“CEQ”) published the long-awaited final rule revising the implementing...more
From its inception on 8 August 2017, the Build, Own, Operate and Transfer (“BOOT”) scheme (the “BOOT Project Model”) has often been cited as a significant barrier to developing renewables in Indonesia, alongside the tariff...more
New MEMR regulation has reduced the capacity charge that has hindered installation of behind the meter rooftop solar photovoltaic projects....more
While investors are looking at a variety of sectors in the region, our survey reveals that roads are the top priority, while both conventional and renewable energy are still very much on the radar - Our research shows that...more
Alexandria Ocasio-Cortez's Green New Deal Would Reshape the Economy in 10 Years. That Could Shock the Energy Sector. "The concern is that Ocasio-Cortez's plan to achieve climate goals in just 10 years will not only tee up...more
As part of its 16th economic package, the Government of Indonesia (GOI) announced on 16 November 2018 that in order to attract further foreign investment, it intends to relax the restrictions on foreign direct investment...more
We are pleased to release the latest issue of our client newsletter, Energy Update, designed to inform clients and friends of the firm about important developments affecting U.S. and international energy markets. ...more
Less than three weeks after its issue, the Minister of Energy and Mineral Resources has revoked Regulation No. 42 of 2017 on Supervision of Business Activities in the Energy and Natural Resources Sector and replaced it with...more
The Ministry of Energy and Mineral Resources (MEMR) has recently issued Regulation No. 49 of 2017 (Reg.49/2017) amending Regulation No. 10 of 2017 on Principles of Power Purchase Agreements (Reg. 10/2017) in Indonesia. Reg....more
Six months after issuing Regulation 11/2017 on the utilisation of natural gas for power generation, the Minister of Energy and Mineral Resources has replaced it with Regulation 45/2017 on the same topic. Reg. 45/2017 raises...more
Indonesia just issued a new regulation (Reg. 42/2017) that extends governmental control on private and foreign investment in the energy and mining sectors. Whilst similar forms of control already existed in the upstream...more
We are pleased to release the latest issue of our client newsletter, Energy Update, designed to inform clients and friends of the firm about important developments affecting US and international energy markets. ...more
Despite a significant renewable energy potential, Indonesia currently only produces six percent of its electricity from renewable energy. The Indonesian government is targeting increasing this to 23 percent by 2025. Many...more
Indonesia’s state-owned power company, PT PLN (Persero) (PLN) has a long track record of successfully financed independent power projects (IPPs) and a very well established form of power purchase agreement (PPA). It has to...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued Regulation No. 10 of 2017 on Principles of Power Purchase Agreements (Regulation 10/2017) which sets out a number of principles...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued regulation No. 12 of 2017 on the utilisation of renewable energy sources for electricity supply (Regulation 12/2017). Key...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued MEMR Regulation No. 11 of 2017 on the Utilisation of Natural Gas for Power Generation (Regulation 11/2017). Key points: ...more
Around the globe and across a wide variety of industry sectors, we worked on exciting, challenging, and innovative M&A transactions throughout 2016. We are grateful that these transactions propelled us to top 10 M&A rankings...more
We learned yesterday that Twitter’s shopping itself around for a buyer. It’s facing one big complication, though—the sizeable amount of stock Twitter has doled out to its employees over the years. Last year, for example,...more