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Jakarta Post

PLN allocates Rp 74t for capex this year

  • Nani Alfrida

    The Jakarta Post

Jakarta   /   Fri, January 22 2010   /  10:55 am

State power utility firm PT PLN will allocate Rp 74 trillion (US$7.99 billion) for its capital expenditure (capex) this year, expecting to gain Rp 160 trillion in revenue.“We will allocate Rp 74 trillion for capex, however we only have Rp 23 trillion ready to be disbursed,” PLN newly appointed president director Dahlan Iskan told reporters on a sidelines of a PLN stakeholder meeting in Jakarta on Wednesday.He said that of the Rp 23 trillion now available, Rp 3 trillion would be taken from the internal budget while the rest would come from previous commitments. However, Dahlan declined to explain the details of  these commitments.He said PLN was now planning to seek about Rp 51 trillion to fulfill the budget needed for the required capital expenditure by issuing bonds or seeking loans from banks.“Both bank loans and bonds have their own advantages, but we will select the one th...