After several months of talks about new local content ("TKDN") requirements, the Ministry of Industry ("MOI") and the Ministry of Energy and Mineral Resources ("MEMR") have finally issued several instruments to regulate this matter: 1. MOI Regulation No. 33 of 2024 on the Revocation of MOI Regulation No. 54/M-IND/PER/3/2012 on the Guidelines for Utilization of Local Products for the Development of Electricity Infrastructure (as amended) ("Past MOI Regulation"), issued on 25 July 2024? 2. MEMR Regulation No. 11 of 2024 on the Utilization of Local Products for Development of Electricity Infrastructure, issued on 31 July 2024 ("MEMR 11/2024") 3. MEMR Decree No. 191.K/EK.01/MEM/E/2024 on the Minimum Local Component Threshold for Combined Goods and Services in the Scope of Development Projects of Electricity Infrastructure, issued on 6 August 2024 ("MEMR 191/2024") Click here to access the full alert: https://lnkd.in/gRxFnPdA Should you have any queries, please do not hesitate to contact the Author(s): Nadia Soraya, Norman Bissett, Fanny Kurniawan, Marcia Tanudjaja
