PFMA is Ready to Distribute Rp 5,7Billion to Fund Biodiesel

PFMA is Ready to Distribute Rp 5,7Billion to Fund Biodiesel

InfoSAWIT, JAKARTA –For the Badan Usaha Bahan Bakar Nabati (BU BBN)of biodiesel has been decided by Secretary of Energy and Mineral Resources (EMR), according to the Decision of Secretary of EMR No. 3756 K/10/MEM/2017, Palm oil Plantation Fund Management Agency (PFMA) now processes the administration to the signature of Perjanjian Pembiayaan Pengadaan Bahan Bakar Nabati Jenis Biodiesel or Financing Agreement of Biodiesel – Vegetable Fuel Procurement for November 2017 – April 2018, as it is regulated in the Regulation of Secretary of EMR No. 26 / 2016 about the Advantage and Provision of Biodiesel – the Vegetable Fuel to the Financing done by PFMA.

“Today we announce that after the decision of BUBBN and the numbers of volume allocation for biodiesel in November 2017 – April 2018, we are ready to allocate the fund to pay the minor gap of Price Index Market or Harga Indeks Pasar (HIP) of diesel and HIP of biodiesel – the vegetable oil in the period. Now the Agreement to pay Biodiesel – the vegetable fuel between PFMA and biodiesel producers is in process to accomplish to be signed by those (producers),” Director of PFMA, DonoBoestami said in the official statement to InfoSAWIT, Thursday (16/11/2017).

He also mentioned, the Payment Agreement is the consistency of the government to support sustainable palm oil industrial development and increase the diversity of energy. Within average biodiesel fund in 2017 (January to October) reaching Rp4.054 /liter, it is predicted, the fund to distribute in the fifth period would be Rp 5,7billion for 1.407.778 kl.

He also claimed, by distributing the fund, PFMA and General Directorate of New and Renewable Energy and Energy Conversion, Ministry of EMR has done the perfection of management to ensure the process of the fund would be better in the future. “The consequence of the perfection of management and the regular issues about the final things in the end of the budget would be late to do. But over all, it is hoped not to influence the biodiesel provision,” DonoBoestami said. (T2)


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