Factsheet: KPEN-RP

KPEN-RP

Key Information
Full name of Instrument & Measure (English): 
Credit for Development of Bio Energy and Revitalization of Plantation (KPEN-RP)
Description: 
This Regulation provides for credit given to support the program to increase production and productivity of plants generating raw materials for biofuel in order to meet demands for alternative energy. Credit shall be given to fund the expansion, rehabilitation and rejuvenation of oil palm, rubber and cocoa. The Regulation further provides for the following: sources of funding; funding mechanisms; credit requirements; interest subsidies given by the government; etc.
Goal/Aim: 
Financial support in advanced biofuels
Responsible Authority: 
Ministry of Finance

Status:

Trade Relevance: 
Policies stimulating domestic use of biomass => availability for export
Year Instrument & Measure Started: 
2006