Tue, 08 Sep 2009
From:
JAKARTA (Dow Jones)--Indonesia's Parliament Tuesday approved a new electricity law allowing private-sector investment in generation and granting authority to the government and regional administrations to issue permits for power projects, the Department of Energy and Mineral Resources said in a statement.

Under the new law, private companies, community organizations or other private organizations will be allowed to generate, transmit, distribute and sell electricity.

Still, state-owned bodies will still be given the first right of refusal to develop projects, the statement said.

Regional, provincial, city and district governments will be given the authority to approve power projects, it said.

Allowing competition in the power sector would effectively end the monopoly of state electricity company PT Perusahaan Listrik Negara.



News Search/Filter
Transaction Rates
16 Aug 17
Buy
Sell
AUD1
10,868.89
10,082.92
BND1
10,149.23
9,414.26
BTC1
55,488,683
55,488,683
CAD1
10,875.60
10,090.92
CHF1
14,258.99
13,229.88
CNH1
2,071.36
1,921.98
DKK1
2,190.19
2,032.17
EUR1
16,288.08
15,112.79
GBP1
17,854.45
16,564.98
HKD1
1,773.35
1,645.51
JPY100
12,536.37
11,630.68
LAK1
1.67
1.55
NOK1
1,744.41
1,618.13
NZD1
10,032.29
9,306.61
PGK1
4,488.24
3,952.32
SEK1
1,718.10
1,593.47
SGD1
10,149.23
9,414.26
THB1
416.64
386.37
USD1
13,874.00
12,874.00
VND1
0.61
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services