Legal and Regulatory Requirements on Project Companies Concerning Environmental and Social Contribution

On 12 April 2021, the Ministry of Environment (“MOE“) issued notification No. 550 on the Clarification on Payment of Environmental and Social Contribution of Investment Projects (“Notification“). The Notification aims to clarify the legal requirements concerning the payment of environmental and social contribution by companies with investment projects (“Investment Projects“) which environmental and social impact assessment (“ESIA“) reports have been approved by MOE. These companies are referred to in this Update as “Project Companies“. The Notification provides a list of legal and regulatory directives and requirements that Project Companies need to comply with.