PLN to work with Singapore company<\/p>\n
JAKARTA (JP): The state-owned electricity company PLN is
\nslated to sign a memorandum of understanding with a Singaporean
\ncounterpart next week for cooperation to increase its power
\ngeneration capacity, PLN's chief executive said.<\/p>\n
\"The agreement with the Singaporean company will have two
\nfunctions: the transfer of technology and the improvement of
\ninvestment,\" Antara quoted Djiteng Marsudi as saying over the
\nweekend.<\/p>\n
He said he expected that with this cooperation, PLN will be
\nable to meet the ever-increasing demand for power.<\/p>\n
PLN's power plants throughout the country currently have a
\ntotal generation capacity of over 13,500 megawatts.<\/p>\n
Djiteng said that under the planned agreement, the Singaporean
\npartner is expected to put equity into PLN's subsidiaries, PT
\nPembangkitan I and PT Pembangkitan II, which operate power plants
\nin Java and Bali.<\/p>\n
He explained that foreign investment is necessary because the
\ngovernment's budget is very limited.<\/p>\n
\"The planned agreement with the Singaporean company will be
\nthe fifth after the previous agreements with National Power and
\nNational Grid of Britain, Hongkong China Light Power Ltd., and
\nElectricite de France,\" said Djiteng.<\/p>\n
Indonesia has set targets to set up additional power plants
\nwith a total capacity of 13,000 megawatts during the current five
\nyear development plan period (1994-1999), including plants with a
\ncombined capacity of 10,000 megawatts to be established by PLN
\nand the remainder by private companies.<\/p>\n
Djiteng said the construction of these power plants will
\nrequire annual investments of Rp 10 trillion (US$4.3 billion).
\n(kod)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pln-to-work-with-singapore-company-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}