Govt promises incentives for investors in energy sector

Energy and Mineral Resources Minister Darwin Zahedy Saleh has promised to consider providing fiscal incentives and more attractive production-sharing arrangements for potential investors in the energy sector.

He added that Indonesia desperately needed to boost investment in this sector to cater for a rapid expansion of domestic demand following the country's impressive economic growth in recent years.

"In a bid to encourage more investment, the government will consider providing incentives and more attractive conditions in production-sharing contracts," Darwin told attendants at the US-Indonesia Energy Investment Roundtable in Jakarta on Monday.

The roundtable aims to strengthen cooperation between the US and Indonesia, and serve as a platform to share experiences and information on policies and activities to improve the investment climate, as well as to encourage public-private investment partnerships in the energy sector.