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13 October 2004 - The Indonesian government will shortly implement a new law designed to attract investment into its electricity sector, an official said yesterday.

The government will soon implement Law No.20/2002 on electrical power and the draft government regulation to implement the law has been completed and submitted to the State Secretary.

"Hopefully, President Megawati Soekarnoputri will soon sign it," Director General of Electricity and Energy Utilization Yogo Pratomo said, following talks on national electricity consumption.

Indonesia needed $30bn in investment to develop the electricity over the next ten years and the regulation was designed to attract as much private investment as possible in the electricity sector, he said. "Because of state funding difficulties, we hope two-thirds of the total investment would come from the private sector."

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