Indonesia’s construction and projects market is growing and is predicted to continue to strengthen. Infrastructure development has been one of the main focuses of the current administration of President Joko “Jokowi” Widodo.
A franchise, under Indonesian regulations, is defined as a special right owned by an individual or a legal entity to a unique business system that has proven successful in selling goods and/or services, and can be used by another party based on a Franchise Agreement.
The Indonesian government has introduced a new tariff regime for renewable energies. The new regime gives the Indonesian state power company, PLN, greater control over tariffs in the sector through business-to-business negotiations and benchmarking against the applicable Electricity Generation Basic Cost.