TEMPO.CO, Bandung - Energy and Mineral Resources Minister Sudirman Said has targeted to complete legal umbrella for energy security fund this year. He continues to communicate with other ministries and the House of Representatives.
The legal umbrella will be in the form of government regulation followed by ministerial regulation, he said. “It’s okay to be a little late, as long as the legal basis and funding is solid,” Sudirman said, in Bandung, Saturday, March 6, 2016.
He has reiterated that energy security fund will not be taken from the people; it will be from the State Budget, grants, and loans. After the establishment of the legal umbrella, the government will establish a public service agency to manage the fund.
The agency will distribute the fund to subsidiary of state electricity company PT Perusahaan Listrik Negara (PLN) -- PLN EBT -- to purchase energy. “It’s a new subsidiary of PLN,” Sudirman said.
In general, the fund will be used for two purposes, he said. The first is oil fund for strategic petroleum reserve fund and fuel prices stabilization. The second is for clean energy which consist of a number of purposes, from Indonesia Terang (Bright Indonesia) program to research.
Previously, during the announcement of new fuel prices last December, Sudirman also said that energy security fund is Rp200 per liter for premium and Rp300 per liter for solar. However, a limited meeting at the Palace, January 4, 2016, has agreed that the fund will be suspended and will be discussed further.
FAIZ NASHRILLAH