Indonesia to relax electricity tariff policy for industrial sector

Indonesia’s Industry Ministry is seeking to water down the implementation of power tariff hike policy for the industrial sector in a bid to avoid weakening competitiveness of local products on the global market, a minister said here on Tuesday.

The move came after the implementation of higher electricity tariff for medium-sized and large industries on May 1 had drawn complaints from the sector.

Under the new price hike policy, the power tariff for medium- sized and large industries will be raised by 38.9 percent to 64.7 percent in a step-by-step manner from May 1 till Nov. 1.

Industry Minister Hidayat said that the ministry was seeking the means of relaxation of the policy and expected the rules on the relaxation to be completed in June and come into effective before October.

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Posted May 9, 2014 by repit in News

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