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Jakarta Post
The Jakarta Post
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Major losses make PLN a risky bet

  • Elrika Hamdi
    Elrika Hamdi


Jakarta | Tue, June 5, 2018 | 01:57 pm
Major losses make PLN a risky bet Employees of state electricity firm PLN's West Nusa Tenggara branch carry equipment to lay down an undersea cable network in Gili Gede, Lombok, in this Feb. 22 file photo. Connectivity and access has long been a challenge in the archipelagic province. (JP/Panca Nugraha)

PREMIUM In early May, one of Japan’s major insurers, the Dai-ichi Life Insurance Company, became the first Japanese financial institution to restrict lending to coal-fired power plants. This came only days after Allianz, Europe’s largest insurer, announced it would immediately pull its coverage from coal-fired power plants and coal mines, and barely a fortnight since banking giant HSBC rule...

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