Indonesian Political, Business & Finance News

IEA: Pull the Plug on Subsidies

| | Source: JAKCHAT
Originally Posted By: Dilli
OK, PLN is one company, what is the other one....?


Originally Posted By: KuKuKaChu

The International Energy Agency recommended on Friday that Indonesia do away with fuel and electricity subsidies, arguing that they constrain investment, cause inefficiencies and impede the diversification of the energy sector.

Nobuo Tanaka, executive director of the Paris-based intergovernmental organization, said both petroleum and electricity subsidies had inhibited investment in upstream and downstream energy.


Pertimina, but you are new here to the industry so I can understand the confusion..........
Tags: business
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