Govt agencies argue on PLN liquidity cure<\/p>\n
JAKARTA (JP): The government yesterday dismissed a suggestion
\nthat the state electricity firm, PT PLN, should sell its 800-
\nmegawatt coal-fired power station at Paiton, East Java.<\/p>\n
Director General of State Enterprises Bacelius Ruru told the
\nHouse of Representatives' Budgetary Commission that PLN should
\nconduct an in-depth study of its finances before selling any
\nassets.<\/p>\n
\"As far as I am aware there is no such study yet, and we --
\nthe government as the shareholder -- have no plan to do that
\n(sell the power station),\" Ruru said.<\/p>\n
Director General for Electricity Zuhal, who is also PLN's
\nchief commissioner, suggested earlier that PLN sell its power
\nstation at Paiton to improve its liquidity.<\/p>\n
Zuhal said PLN could also sell shares to the public, acquire
\nmore equity funds from the government or raise electricity
\ntariffs to increase its liquidity.<\/p>\n
But, he said, the sale of PLN's power station was the best and
\nquickest way to get funds.<\/p>\n
PLN's Paiton power station has two units, each with an
\ninstalled capacity of 400 MW. It is the first power plant to open
\nat Paiton, which is being developed as a huge electricity center.<\/p>\n
Ruru dismissed Zuhal's suggestion, arguing that even PLN's
\nmanagement was against the idea.<\/p>\n
But Ruru did not say how PLN could solve its liquidity
\nproblems. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/govt-agencies-argue-on-pln-liquidity-cure-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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