Friday, August 12, 2016

Indonesia: Investors to Obtain Necessary Geothermal Permits Within Three Hours

Government to streamline geothermal permits (Jakarta Post)

The Indonesian government is seeking to streamline business permits in the geothermal sector in an effort to attract investments and achieve its target of a sevenfold increase in the portion of electricity generated by renewable sources in the next 10 years.

Under a recent Energy and Mineral Resources Ministerial Regulation, which named geothermal a priority sector, the geothermal industry is entitled to priority investment services and investors can obtain necessary permits within three hours at the Investment Coordinating Board (BKPM), a privilege other industries already enjoy.

The three-hour service aims to speed up the various permit processes to create a business-friendly environment in selected industries.

Further, geothermal investors are also entitled to the one-stop service at the board, in which documents like the geothermal business license and temporary electricity supply permit can be completed without visiting other related institutions.

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