MANDALA

MANDALA ALERT: NEW TKDN REGULATION FOR SOLAR PROJECT

MANDALA CONSULTING, OCTOBER 23, 2023

New regulations, outlined in Industrial Minister Regulation No.23/2023, have adjusted local content requirements (TKDN) for electricity projects, particularly benefiting solar endeavors in Indonesia’s new capital (IKN). For a more comprehensive understanding of these changes, we invite you to explore Mandala’s insights below, especially if you are considering the establishment of solar enterprises in Indonesia.

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THE PURPOSE OF THIS DOCUMENT IS TO PROVIDE GENERAL INFORMATION ABOUT MANDALA ALERT: NEW TKDN REGULATION FOR SOLAR PROJECT. THE CONTENTS OF THIS DOCUMENT SHOULD NOT BE CONSTRUED AS SPECIFIC RECOMMENDATIONS OR ADVICE. FOR QUESTIONS ABOUT THE CONTENTS OF THIS DOCUMENT, PLEASE CONTACT MANDALA CONSULTING. THE INFORMATION IN THIS ARTICLE IS ACCURATE AS OF THE PUBLICATION DATE. HOWEVER, DUE TO THE RAPIDLY CHANGING NATURE OF THE LAW IN INDONESIA, THE ACCURACY OF THE INFORMATION CANNOT BE GUARANTEED WITHOUT UPDATES.

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