Document background
The Grid Promissory Note is a specialized financial instrument used in Indonesia's electricity sector for grid infrastructure development and expansion projects. It serves as a formal promise to pay a specified sum, typically issued in connection with grid construction, upgrade, or expansion works. This document type is particularly relevant when parties need to establish clear payment obligations related to grid infrastructure while ensuring compliance with Indonesian electricity sector regulations and financial instrument requirements. The Grid Promissory Note combines standard promissory note elements required under Indonesian law with specific provisions addressing grid-related obligations, making it suitable for various electricity infrastructure projects. It's commonly used in transactions involving state electricity companies, independent power producers, and grid infrastructure providers operating within Indonesia's regulatory framework.
