Wednesday, July 15, 2009

Max liability for nuclear accident US$400 M

Government has raised maximum liability for nuclear facility operator in the event of accident from Rp900 billion (about US$90 million) to Rp4 trillion (US$400 million). 
According to the newly signed Government Regulation No. 46/2009, maximum liability for nuclear facility operator which initially set at Rp900 billion (Law No. 10/1997 article 34 point 1) in any nuclear accident, be it in nuclear installation or from transportation of nuclear materials, be raised to Rp4 trillion. 
The maximum Rp4 trillion liability could be in the form of compensation to third parties injured or affected.
Indonesia has yet to build nuclear power plant in Indonesia even though some companies have announced their respective plans.
Government said Indonesia will build four nuclear power plant before 2025. Medco Group has also expressed its interest to build nuclear power plant in a cooperation with Korea Hydro and Nuclear Power Co Ltd. PLN is expected to join the 1,000 MW power plant.
Political lobbies to neighbors in the region have been pursued. Looks like the neighbors don't mind to see Asean members build nuclear power plants. 




Anonymous Anonymous said...

You wrote: "(Govt Regulation No. 10/1997)." Did you mean Law No. 10 of 1997?

July 16, 2009 12:34 PM  
Blogger yosef said...

that's right. Thank you. I have corrected that.

July 16, 2009 12:51 PM  

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