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View all search resultsThe government’s decision to revoke 28 natural resource licenses in the wake of the deadly December 2025 floods in Sumatra has drawn praise from environmental activists but has also unsettled the private sector by introducing new regulatory uncertainty. Among the revoked permits was a gold mining license linked to Astra International, intensifying scrutiny from investors and businesses over the state’s willingness to cancel legally issued concessions in response to environmental externalities.
PT North Sumatera Hydro Energy, the developer of Batang Toru hydropower plant in South Tapanuli regency, North Sumatra, has had its business permit repealed as the government takes action against companies allegedly linked to deforestation that exacerbated northern Sumatra's floods and landslides.
PT North Sumatera Hydro Energy, the developer of Batang Toru hydropower plant in South Tapanuli regency, North Sumatra, has had its business permit repealed as the government takes action against companies allegedly linked to deforestation that exacerbated northern Sumatra's floods and landslides.
The firm was found to have concealed an exchange bond issuance agreement between the firm and PT Nexis Inti Persada in 2016. It also failed to record the receipt of funds from the issuance as liability in the report.
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