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Jakarta Post

Energy sector investors must abide by law: Minister

Ayomi Amindoni (The Jakarta Post)
Jakarta
Fri, July 29, 2016

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Energy sector investors must abide by law: Minister Energy and Mineral Resources Minister Archandra Tahar speaks to journalists at his office in Jakarta on Friday. (kompas.com/Estu Suryowati )

T

he government wants to ensure that all investors in the energy sector follow the country’s rules and regulations, including mining giant Freeport Indonesia, newly appointed Energy and Mineral Resources Minister Archandra Tahar said on Friday.

"We will ensure legal certainty for Freeport. We will ensure that investors that invest their money in Indonesia are doing business according to our laws and regulations," Archandra said in Jakarta.

He said he would force Freeport to carry out its divestment obligations as stipulated in Government Regulation No. 77/2014, particularly a plan to construct a smelter in the country.

The ministry will also ensure legal certainty for all investors in the energy sector, including oil and gas, power and mineral resources firms, Archandra added.

"We must ensure legal certainty for investors, both domestic and foreign investors, in order to make their investments in accordance with our regulations, [which] is intended [to support] the welfare of the people by providing jobs and contributing to boosting economic growth in Indonesia," he explained. (bbn)

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